Red Hat Lays Off Four Percent of Its Workforce

IBM subsidiary and open source specialist Red Hat is going to lay off just under four percent of its twenty thousand employees.

Red Hat says fewer than 800 people are involved, mainly in general and administrative roles. The company emphasizes that there are no layoffs in sales or people who work on products.

The effective redundancies will be implemented in the coming months. The round of layoffs comes a week after parent company IBM announced quarterly revenues of $14.3 billion, with net profit three percent higher than a year earlier, at $7.5 billion.

Layoffs were also announced there at the beginning of this year. Initially, the company spoke of 3,900 people, but in an interview with Bloomberg last week, CEO Arvind Krishna said it would be around 5,000 people.

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