Ten months after promotion, Red Hat CEO Matt Hicks navigates layoffs and AI's rise

Mat Matt Hicks s promoted to CEO at Red Red Hat s last summer He took over from predecessor Paul Cormier.

Hicks has had to deal with macroeconomic environment and increasing Paul Cormier AI.

He has also been working with IBM, the company that bought Red Hat in 2018 for $34 billion. AI ass="summaryFeed_highLightText__NxlGi">Register 16 years d_highLightText__NxlGi">CRN Uneasy Red Hat Summit week IBM pan class="summaryFeed_hig Red Hat ext_ 2018 Gi">H $34 billion first year Cormier, Hicks tText__NxlGi">April 19,000 about 4% IBM d_highLightText__NxlGi">700Red Hat n class="summary 8% ed_hig the prior year lG 11% Hicks the previous quarter 10%