The tech space has been seeing a spree of layoffs across many organizations; take, for example, the massive layoffs over at Twitter and Lyft.
The post-pandemic blues have started in a big way for the information technology industry, and Red Hat is among the latest to have been affected by that.
With a recent announcement, they have announced significant job cuts across the organization.
What's Happening: A subsidiary of IBM, Red Hat, is all set to cut just under 4% of its workforce over the coming months 😱
This revelation was made by Matt Hicks, CEO of Red Hat, in an email sent out early on Monday outlining the layoffs and major changes coming to the organization.
Red Hat is known for its open-source offerings, such as the ever-growing Red Hat Enterprise Linux (RHEL), open hybrid cloud products, and Ansible automation platform.
They have been growing steadily over the years, even after their acquisition by IBM, but it is worrying to see such layoffs impacting a well-performing company.
On this, Matt mentioned:
Like every company, Red Hat’s resources are finite, and our investments, including our investments in talent, must be aligned with our strategy.
You can go through the announcement blog to dive deeper into their decision.
So, what does this entail?
Well, hundreds of jobs are set to be affected across the organization. Currently, Red Hat employs around 2,200 employees at their headquarters in the US and over 19,000 employees spread around the world.
Layoffs won't impact customer-facing roles such as sales and the development side of things. Instead, the focus of the layoffs will be on general/administrative and similar roles across all functions of the organization.
The painful reality: The fallout of the COVID-19 pandemic is now starting to show its signs in the information technology industry, with layoffs being a common sight in recent months.
This has been a slightly delayed reaction compared to other industries that have already suffered a lot due to the pandemic.
But it has finally hit the tech industry, and now everyone must prepare for a very cold hiring season.
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