The stock price of Kyndryl Holdings, Inc. (NYSE: KD) saw a significant increase, rising 6.79% to $37.89 during premarket activity. The increase is a reaction to a recent statement that it is expanding its philanthropic endeavors through the Kyndryl Foundation.
The Kyndryl Foundation Increases Assistance Worldwide
Twelve non profit organizations in eleven different countries have received second-year grants from Kyndryl’s philanthropic arm, the Kyndryl Foundation. approximately the next two years, these funds aim to support approximately 55,000 people by promoting the development of cybersecurity and artificial intelligence (AI) skills, raising awareness, and supporting job placement programs.
In an attempt to capitalize on the success of its first year’s work, the foundation is extending to additional countries, including Brazil, Canada, Costa Rica, Spain, and the United Kingdom. These new locations become beneficiaries alongside the Czech Republic, Hungary, Japan, Poland, India, and the United States.
Workforce Development Is Driven by Nonprofit Initiatives
Several nonprofit organizations receiving Kyndryl Foundation support are focused on cybersecurity training and workforce development:
Czechitas in the Czech Republic will offer specialized training for women who wish to work as Security Operations Center (SOC) analysts and information security professionals. The project aims to raise awareness of cybersecurity among 50,000 people, train 100 women, and teach government officials about cyber resiliency.
100 women in smaller cities will receive cybersecurity training under the Data Security Council of India’s (DSCI) ongoing Cyber Vaahini initiative. In Mumbai, DSCI will also open a state-of-the-art cybersecurity training facility.
Girl Security (United States) will expand its Workforce Training Program, preparing over 1,000 participants from low-income communities to enter cybersecurity and technology careers by 2026. NPO Sodateage Net in Japan will equip nearly 1,500 young people with cybersecurity skills and support them through internships and job placement programs.
Commitment to Long-Term Impact
The Kyndryl Foundation has launched a few multi-year awards that last up to two years in order to encourage further interaction with its charitable partners. For the organizations and the communities they serve, this project seeks to produce long-lasting, sustainable benefits.
Being the biggest supplier of IT infrastructure services globally, Kyndryl (KD) is taking proactive steps to address the lack of qualified experts in AI and cybersecurity. The firm is dedicated to fostering innovation and developing a new generation of IT workers, which is why it is extending its support and investment.