RALEIGH, N.C. (WTVD) -- Raleigh based software giant, Red Hat, announced it will lay off hundreds of employees.
The company's CEO says it will be a 4% cut of its global workforce, according to our newsgathering partners at The News & Observer.
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According to Red Hat's website, they have 19,000 employees. That means about 760 workers.
As of early March, Red Hat employed roughly 2,200 in the Triangle.
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The announcement is the latest round of job cuts in the technology sector.
Back in December of 2022, Lenovo announced it would also be reducing its workforce.