Tuesday, October 21, 2025
spot_img

IBM acquired Red Hat to lay off about 760 employees globally

spot_img
- Advertisement -

IBM acquired, Red Hat will lay off nearly 4 per cent of its global workforce, or about 760 employees. The North Carolina-based software major Red Had currently has about 19,000 employees globally.

According to media reports Red Hat CEO Matt Hicks said on job cuts “a decision our leadership team was truly hoping we could avoid”.

“This decision is now appropriate to ensure Red Hat’s ability to compete in a new environment,” he added.

IBM acquired Red Hat in 2019 for nearly $34 billion in one of the largest software acquisitions in history.

In an email to employees, CEO Hicks said on job cuts “will focus on general and administrative” positions, and not affect positions “directing selling to customers or building our products”.

He further said employees in some countries would be notified of layoffs on Monday, while others would be told over the course of the current fiscal quarter.

Earlier this year, IBM confirmed it planned to lay off around 3,900 employees from its global 260,000 workforces.

The IBM layoffs are a result of the spinoff of IT infrastructure services provider Kyndryl’s business and part of the AI unit called ‘Watson Health’.

The layoffs were likely to cause a charge of $300 million in the January-March period to the company, according to IBM Chief Financial Officer James Kavanaugh.

With IANS Inputs

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Banks Tighten Employee Verification Processes to Curb Fraud

In response to the rising incidents of mule accounts...

American multinational NVIDIA is hiring for 200+ jobs in India; Apply

An American multinational technology company, Nvidia Corporation is hiring for various...

Upwork appoints Sunita Solao as Chief People Officer

Upwork, the world’s work marketplace, announced that Sunita Solao...

The Resumé is Dead, Long Live the Resumé

Leonardo Da Vinci is credited with having been the...

Labour and Employment Ministry updates Labour Codes

The Government has formulated four Labour Codes, namely, the...

TCS Walk-in Interviews at Multiple Positions on Jan 11 & 18, 2025

India's largest IT services provider, TCS is organizing walk-in...

Ideas2IT Chennai-based IT firm gifts cars to 100 employees

A Chennai-based IT firm, Ideas2IT on Monday gifted as...

Compliance to Curiosity: LXP Revolution in Workplace Learning

In a rapidly transforming business environment, the shelf life...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/