IBM (and Red Hat) Can Disappear in the Coming Years, Along With Kyndryl (Debt Twice as Big as Its 'Worth')
Two weeks ago: IBM's Kyndryl Managed to Fall to Less Than a Quarter of Its Past Year's High
IBM is not dying per se. IBM is being killed. IBM's CEO is fast becoming a billionaire (with bonuses like these and stock compensation it won't take long) and its crooked CFO is the cook of the kitchen, talking down on engineers ("upskill, peasants!" said the financial engineer) while looking for cheap replacement with diploma mill paperwork, no experience in the industry, and very low salary expectations. They look for "seat-filling fodder" for the IBM Titanic.
IBM's death would cause a lot of turmoil inside what's left of Red Hat (and there's not much left; it's an open secret that many Red Hat employees got "reassigned" as IBM staff and many were let go, either by pushing them off a cliff or sending them a signal).
When folks talk of Wayland as some safe haven with a long-term future they conveniently pay no attention to IBM's role. The same goes for systemd and all sorts of "modern" (young, unproven) so-called 'tech' that's overly complicated and not modular enough, certainly not cross-platform (don't expect IBM's systemd to work in BSDs).
Last month we published: Proprietary UNIX is What We'll Have If IBM Red Hat Gets Its Way
Looking at all of the blog posts of Red Hat this past month (and I look at all of them, even in the subsites), there's very little about GNU/Linux and lots about slop ("AI").
This means that the "financial engineers" (cooks) at IBM are dictating a Ponzi-first strategy; this will collapse spectacularly once the bubble pops, which is an inevitability.
No wonder Red Hat workers tell us they hate IBM. They can see the writings on the wall and just milk what's left of their career at Red Hat. █