EXCLUSIVE Kyndryl – the global technology services division spun out of IBM in 2021 – is cutting jobs to reduce overheads and "streamline our operations" in several countries. The business is this week entering a 45-day consultation with employees, where local law requires, under what insiders described as "workforce rebalancing," a euphemistic term that invariably means redundancies. Sources at the IT services biz told us more than 150 managers…