Red Hat Sinks With the Blue (IBM) Ship
As IBM's debt continues to soar so do the silent layoffs
IBM carries a lot of debt (relative to its estimated "market value") [1, 2] and this month many Red Hat staff got bluewashed or got the blues. Yesterday:
Many people spoke about PIPs this past week. "There's ALWAYS layoffs." Quoting a comment from yesterday. Being pessimistic about Red Hat is OK based on the data. IBM neither appreciates nor understands what it bought as means of artificially inflating revenues for a few years. █
Image source: Ship at Sea