If Red Hat/IBM Was a Restaurant...

posted by Roy Schestowitz on Apr 21, 2024

This coming week marks one week since mass layoffs at Red Hat. IBM also releases "results" in a few days.

15 hours ago someone said: "Two things need to be addressed: 1. The labour code requires IBM to pay up to 3 months worth of salary when firing ppl, depending on how long they have been employed. The severance package is at most additional 5 salaries, in case you're with the company for more than 20 years. Even the most senior employees got maximum of 8 salaries in total. 2. On average, b8 roles earn 45k gross p.a. in Slovakia, now compare that to US employees and you'll see that the severance package is not such s big deal" (IBM is laying off hundreds in Bratislava)

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