Subj : Tech Layoffs Hit Linux: Red Hat Laying Off 760 Employees
To   : All
From : LundukeJournal
Date : Wed Apr 26 2023 06:30:04

Tech Layoffs Hit Linux: Red Hat Laying Off 760 Employees

Date:
Wed, 26 Apr 2023 05:17:19 GMT

Description:
CEO of the largest Linux company: We must continue to sharpen our focus and 
do fewer things better.

FULL STORY
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Q1 of this year (January - March of 2023) saw the largest number of Tech 
Industry layoffs in history .  183,720 layoffs in just three short months  
over three times the number of layoffs we saw during the Dot Com Bubble Burst 
of 1999. 

Now, the wave of layoffs has hit the world of Linux.  In a pretty sizable 
way. 

Red Hat, the worlds largest Linux company, has announced that they will be 
laying off 4% of their total workforce  roughly 760 total employees. 

And, when I say Red Hat is the worlds largest Linux company I mean it in just 
about every possible way : The highest revenue, the most employees, and an 
absolutely mammoth number of contributions to Linux and Linux-related 
projects. 

While it is reported that most of these layoffs will not directly impact 
development, its hard to see how this bodes well for the largest Linux firm 
in all the land. 

Red Hat CEO, Matt Hicks, shared the following note with employees: 

This will be difficult for all of us; there is no way around that. How we 
treat one another always matters, and in this moment, we will treat our 
impacted teammates with respect and gratitude. What makes a decision like 
this hard is that well be saying goodbye to passionate Red Hatters who 
contributed in significant ways and who made this a better company. 

Hicks also added: 

We must continue to sharpen our focus and do fewer things better. 

Red Hat parent company, IBM, has also been cutting jobs during 2023  with 
over 4,000 jobs cut at last tally. 

All of this raises several questions, some of which we arent likely to have 
good answers on right away: 

How will these layoffs impact Red Hats overall success and Linux 
contributions? 

How likely are there to be additional layoffs in Red Hats near future? 

Considering the massive financial success of Red Hat , are we likely to see 
layoffs at the smaller Linux firms (such as Canonical and SUSE) which operate 
on smaller budgets? 

Time will tell.  But I certainly dont like seeing Linux firms needing to lay 
off folks. Share 

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Link to news story:
https://lunduke.substack.com/p/tech-layoffs-hit-linux-red-hat-laying


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