Bonum Certa Men Certa

The Red Hat Layoffs Rumour Likely Right, as IBM Prepares to Lay Off in Second Week of April, Triangle (North Carolina) Also Targeted

posted by Roy Schestowitz on Apr 03, 2024,
updated Apr 03, 2024

Yesterday we wrote about Red Hat and layoffs. As recently as 4 hours ago: (direct link)

They don't dare. You don't bite the hand that feeds you. Red Hat has carte blanche.

IBM has a history of extremely big cuts, e.g.

2015: IBM says 'several thousand' layoffs on the way

This new thread (regarding IBM) says: "The next round of RA is expected in the second week of April. Severance was about 3 months for those less than 5 years tenure. A bit more for those more than 5 years."

Over 100,000 workers? Nope. But something seems to be going on.

Red Hat's former CEO left the company 2 days ago. It typically happens when they know something is coming and want to wash their hands off of it.

This happened around the time he said he'd leave the company:

IBM layoffs hit some Triangle workers, but it’s unclear how many jobs will be lost

It's very near to where Red Hat is (Research Triangle Park):

Research Triangle Park

Red Hat Triangle

Time will tell what's going on. IBM is about 60 billion dollars in debt. When the pandemic started the debt was around 70 billion, but back then interest rates (i.e. the payments on the debt) were almost 10 times smaller than now, so debt was "cheap".

Other Recent Techrights' Posts

Sven Luther, Lucy Wayland & Debian's toxic culture
Reprinted with permission from disguised.work
 
G.A.I./Hey Hi (AI) Bubble Bursting With More Mass Layoffs
it's happening already
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, April 18, 2024
IRC logs for Thursday, April 18, 2024
Coroner's Report: Lucy Wayland & Debian Abuse Culture
Reprinted with permission from disguised.work
Links 18/04/2024: Misuse of COVID Stimulus Money, Governments Buying Your Data
Links for the day
Gemini Links 18/04/2024: GemText Pain and Web 1.0
Links for the day
Gemini Links 18/04/2024: Google Layoffs Again, ByteDance Scandals Return
Links for the day
Gemini Links 18/04/2024: Trying OpenBSD and War on Links Continues
Links for the day
IRC Proceedings: Wednesday, April 17, 2024
IRC logs for Wednesday, April 17, 2024
Over at Tux Machines...
GNU/Linux news for the past day
North America, Home of Microsoft and of Windows, is Moving to GNU/Linux
Can it top 5% by year's end?
[Meme] The Heart of Staff Rep
Rowan heartily grateful
Management-Friendly Staff Representatives at the EPO Voted Out (or Simply Did Not Run Anymore)
The good news is that they're no longer in a position of authority
Microsofters in 'Linux Foundation' Clothing Continue to Shift Security Scrutiny to 'Linux'
Pay closer attention to the latest Microsoft breach and security catastrophes
Links 17/04/2024: Free-Market Policies Wane, China Marks Economic Recovery
Links for the day
Gemini Links 17/04/2024: "Failure Is An Option", Profectus Alpha 0.5 From a Microsofter Trying to Dethrone Gemini
Links for the day
How does unpaid Debian work impact our families?
Reprinted with permission from Daniel Pocock
Microsoft's Windows Falls to All-Time Low and Layoffs Reported by Managers in the Windows Division
One manager probably broke an NDA or two when he spoke about it in social control media
When you give money to Debian, where does it go?
Reprinted with permission from Daniel Pocock
How do teams work in Debian?
Reprinted with permission from Daniel Pocock
Joint Authors & Debian Family Legitimate Interests
Reprinted with permission from Daniel Pocock
Bad faith: Debian logo and theme use authorized
Reprinted with permission from Daniel Pocock
Links 17/04/2024: TikTok Killing Youth, More Layoff Rounds
Links for the day
Jack Wallen Has Been Assigned by ZDNet to Write Fake (Sponsored) 'Reviews'
Wallen is selling out. Shilling for the corporations, not the community.
Links 17/04/2024: SAP, Kwalee, and Take-Two Layoffs
Links for the day
IRC Proceedings: Tuesday, April 16, 2024
IRC logs for Tuesday, April 16, 2024
Over at Tux Machines...
GNU/Linux news for the past day