IBM-owned Red Hat to cut 4% of global workforce

Red Hat has established three offices across Dublin, Waterford and Cork. Photographer: Andrew Harrer/Bloomberg via Getty Images
IBM-owned software development company, Red Hat has announced layoffs impacting 4% of its workforce, a move that will impact around 800 employees.
The company joins the running list of tech firms that have cut their workforce across Ireland, with the impact on Red Hat's Irish employees - the majority of which are based across Munster - still unknown.