Red Hat Being Phased Out of Existence (Like Many Other Companies IBM Bought)
Red Hat is being phased out as a distinct brand after being acquired by IBM in 2019. Like other IBM acquisitions, including PwC, i2, and Kenexa, Red Hat will eventually be fully integrated into IBM. This process is expected to be completed by 2023. IBM has already begun rebranding Red Hat's products and services, and some Red Hat employees have been laid off or reassigned. The exact timeline and scope of the integration are unclear.
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