Engineering departments from China laid off at Red Hat

Principal SWE here. I woke up this morning and noticed that I couldn't log in to the VPN. My access got restricted to various services that we use regulartly, and no one told me why. I've asked other colleagues and we quickly noticed that many people in the team couldn't access internal services as well. We got a notice from our CTO shortly after to let us know that the company is "shifting its efforts to APAC hubs". Utterly devastated. I've been at Red Hat for over 6 years now and I've contributed to key initiatives including work on Libvirt, Qemu, and OpenShift (my team helped with the support and integration of bare metal machines in ROSA). I don't know how many associates were impacted but I were to guess, I would say at least 300, if not more.

Time to find another job I guess.