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> The layoffs come after IBM reported last week that Red Hat quarterly revenues had increased 8%. However, that was far below recent performances. “Red Hat had been averaging at least a 15% revenue growth, every quarter since IBM purchased it in 2019,” Looks like the enshittification of Red Hat is hitting its stride.
Earlier quoted context omitted.
Care to elaborate? Why do you blame enshittification instead of the macroeconomic factors that have caused everyone else's revenue growth to slow, too?
Because 8% growth in a single quarter is fucking fantastic.
When I was there the gimmick was that you either relocated to a third world country and took a local wage, or you resigned.
> He said the layoffs would be “just under 4% in total.” > “We will not reduce roles directly selling to customers or building our products,” Hicks wrote. They are not touching development or sales. Sounds like they are trimming some fat.
Welcome to life under IBM. They’re in the business of a financially engineered shrinkage. This is what happens when innovation and growth stops. What you see from IBM: - Cut expensive (old) employees. - Market everything as the New thing. (Watson) - Audit your customers. Settle by forcing them to buy the New thing even if they don’t need it. - Current and former execs go on book tours. - Buy back shares. This is all…
> - Cut expensive (old) employees. Anyone have tips to avoid this? I keep getting promotions and raises and it's all very nice but makes me worried about being closer to the top of the list when the next round of cuts needs to happen... Just this year I got an unsolicited bump because I was "below market avg TCO." You can't just say "no thanks" to that.
Avoid? No. It probably can't be avoided in the long-run. But you can mitigate the effects. A great take on this can be mined from this little rant by John Goodman's character in The Gambler:
https://www.youtube.com/watch?v=rJjKP8vYjpQ&pp=ygUTZ2FtYmxlc...
Earlier quoted context omitted.
This! FIRE as fast as you can so you’re not at the whim of this class of people (management class, broadly speaking). There is no security, no one is coming to save you except you. I speak from experience.
What’s FIRE? This is an impossible to find acronym.
Welcome to life under IBM. They’re in the business of a financially engineered shrinkage. This is what happens when innovation and growth stops. What you see from IBM: - Cut expensive (old) employees. - Market everything as the New thing. (Watson) - Audit your customers. Settle by forcing them to buy the New thing even if they don’t need it. - Current and former execs go on book tours. - Buy back shares. This is all…
> Audit your customers. I know Oracle has a reputation for this, but I didn't realize IBM does as well.