Red Hat is joining the list of companies laying off employees, with plans to let hundreds of workers go.
According to WRAL News, Red Hat CEO Matt Hicks informed employees the company is planning to cut hundreds of jobs. Red Hat’s parent IBM recently engaged in its own round of layoffs, letting some 3,900 employees go, although WRAL News says CEO Arvind Krishna indicated the number has climbed to 5,000.
There’s no indication of the specific number of Red Hat employees being laid off, other than it being in the hundreds, or just under 4%.
“We will reduce the associate base of Red Hat over the next few weeks,” Hicks wrote in the email. He said the number would be “just under 4% in total.”
There are some divisions that will not be impacted, according to Hicks.
“We will not reduce roles directly selling to customers or building our products,” Hicks wrote.
“Notifications will begin today in some countries, and the process will continue through the end of Q2,” he added.
Like many other CEOs before him, Hicks says the layoffs are necessary to help secure the company’s future.
“At the core of this decision is the need to rebalance where we are investing to enable Red Hat’s future,” he said.