You might not be worried for the code, but the project is a different thing. Red Hat has done some serious damage to its image (centos stream, lay off with record profits, lay off of fedora program manager, nasty circumvention of common open source practices). This will affect fedora. I am a long time debian user, but I often suggest fedora as distro for newcomers. I am not doing it again, and I believe many won't do as well.

At this point it is difficult to trust red hat on their long term commitments. At work we still use rhel, because all our sys admins are used to it, we have licenses, have been using it for ages. So there will not be a big impact for rhel on existing contracts. But on the future, I will actively try to persuade my whole department at least to move out. It is not easy for us, it will require work, but on long term I do not trust red hat/ibm.

Open source market is a difficult market for IBM's MBAs. Because trust is more important than money. This ibm problem to understand open source world has always existed. And the recent actions proves they haven't learned yet. It is a pity that rhel and fedora are the only victims here