Earlier quoted context omitted.
Because 8% growth in a single quarter is fucking fantastic.
- that's a Y/Y number - 8% growth is not good when inflation is 8%
Heaven forbid they have even one flat growth year.
Red Hat cutting hundreds of jobs, CEO says in letter to employees
131–140 of 164 posts
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#132> 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.
How long must a company own a product before we can safely say it’s just business and/or market conditions and not the result of new owners? Is 4 years not enough? How about 10?
Doesn't that depend on the owners? It could be zero years, could be infinity.
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#133Earlier quoted context omitted.
Care to elaborate? I'm not sure what "lack of funding after the CentOS Stream thing" is really supposed to mean.
Losing revenue after Centos died
So all the $0 that CentOS brought in wasn't replaced by the $0 charged for CentOS Stream?
I know people love the idea that CentOS was somehow bringing business to Red Hat and/or the change to CentOS Stream caused Red Hat to lose revenue but ... not so much.
If people moved from CentOS to Rocky or Alma, they weren't likely to hand money to Red Hat in any event. I have no idea whether or how many people were converted from CentOS 8 to RHEL, but I doubt that was a huge bump either.
(Full disclosure: Former Red Hatter, no longer there as of last year. Not directly or even peripherally involved in CentOS for a lot longer than that.)
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#134Will this impact development of Fedora Linux?
No, not at all. Fedora is the upstream of RHEL, where it is integrated and new ideas tried out. Plus engineers are not being let go.
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#135Earlier quoted context omitted.
This isn't going to affect virtio at all. The drivers are vitally important to virtualization and anyway the layoffs affect back office staff like IT, not product development or customer support. In fact it's rather the opposite, virtio is being implemented in more and more hardware .
> virtio is being implemented in more and more hardware Would be interested in more information on that.
Here's an older article: https://lwn.net/Articles/805235/
I believe it has accelerated since then and there are now multiple manufacturers making virtio devices.
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#136Is Quarkus [quarkus.io] affected?
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#137Earlier quoted context omitted.
Just muscles and bones without fat is also dangerous. I think we should get out this thinking that only thing needed is engineering and sales. It works for a company just starting up.. but as you grow larger, there are many other roles that are equally critical.
I would assume there is a lot of overlap in these "general and administrative" roles between IBM and RedHat. I'd guess more of this work will be moved to existing roles within IBM?
Very little. At least, not yet. RHers have access to IBM hotel/flight rates, but not even IBM email/calendar directories let alone even basic "everyone" wikis and document dumps.
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#138Earlier quoted context omitted.
> - 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.
Make as much as you can and bank the extra. The only real security you have is your own assets and financial discipline.
And for those who don't want to do more intensive things, even just following the "pay yourself first" principle goes a long way.
For every dollar that comes in, take 10% and stick it somewhere that's hard for you to get your hands on it. Then forget that it exists.
In less than a year, you'll have a year's worth of pay stacked up that way. Then keep doing it, forever.
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#139I didn't notice Matt Hicks became CEO of Red Hat. Congrats to him. We worked together on the Docker / Red Hat Partnership 10 years ago when he was in Engineering leadership. From an Engineer to CEO. Says a lot about Red Hat and its priorities.
I thought Paul was the worst RH CEO until 2 minutes into Matt talking in that role.
Re: Red Hat cutting hundreds of jobs, CEO says in letter to employees
#140I didn't notice Matt Hicks became CEO of Red Hat. Congrats to him. We worked together on the Docker / Red Hat Partnership 10 years ago when he was in Engineering leadership. From an Engineer to CEO. Says a lot about Red Hat and its priorities.
I thought Paul was the worst RH CEO until 2 minutes into Matt talking in that role.
Why?