Red Hat cutting hundreds of jobs, CEO says in letter to employees

Re:Red Hat cutting hundreds of jobs, CEO says in letter to e... by drumhead on Monday April 24, 2023 @11:49AM (#35689159)

All they ever do at IBM it seems is cut staff and product lines. Do they actually do anything of value anymore or are they just Redhat now?

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Re:Red Hat cutting hundreds of jobs, CEO says in letter to e... by jstx1 on Monday April 24, 2023 @11:56AM (#35689256)

IBM (without RedHat) still have hundreds of thousands of employees doing work and generating tens of billions of revenue. Whether it's of value depends on how cynical you feel today but IBM is very far from being just RedHat.

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Re:Red Hat cutting hundreds of jobs, CEO says in letter to e... by hnarn on Monday April 24, 2023 @02:07PM (#35691049)

> Do they actually do anything of value anymore or are they just Redhat now?

IBM is a behemoth. They bought Red Hat in 2019 for $34B. At that point Red Hat had an annual revenue of ~$3.4B.

How much is $34B for IBM? That year their annual revenue was $77B. They literally spent less than half of their annual revenue that year to buy the company.

Even if we assume that the revenue stemming from Red Hat in IBM has doubled since then, that's still less than 1/10th of IBMs revenue the year they bought Red Hat (it's about $60B today).

So no, IBM is not "just Red Hat".

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Re:Red Hat cutting hundreds of jobs, CEO says in letter to e... by drumhead on Tuesday April 25, 2023 @03:05AM (#35697390)

So what else do they do?

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Re:Red Hat cutting hundreds of jobs, CEO says in letter to e... by lucianf on Sunday April 30, 2023 @06:05PM (#35767011)

Hardware, software, consulting, research

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