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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
by CoolGuySteve 3y ago
> 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.
- ohthehugemanate 3y agoCare to elaborate? Why do you blame enshittification instead of the macroeconomic factors that have caused everyone else's revenue growth to slow, too?
- CoolGuySteve 3y agoBecause 8% growth in a single quarter is fucking fantastic.
- edgyquant 3y agoYet it’s more than a 50% drop from the average of the last twelve quarters.
- oefnak 3y agoWhy would you fire people if you're still growing?
- samstave 3y agoBecause FUCK YOU, thats why... #GoldenParachute [THIS ~~PAGE~~ CUBICLE INTENTIONALLY LEFT ~~BLANK~~ UNSTAFFED]
- rpgbr 3y agoAs if high level growth could be perpetual. Capitalism expectations are unachievable by default and yet people use them as an excuse for shit decisions and everybody are supposed to accept this craziness as “rational”.
- deleted 3y ago[deleted]
- justrealist 3y ago- that's a Y/Y number - 8% growth is not good when inflation is 8%
- edgyquant 3y agoHow 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?
- nerdponx 3y agoDoesn't that depend on the owners? It could be zero years, could be infinity.