Rackspace is implementing layoffs targeting legacy service delivery functions. The company's board approved this plan on June 10. These actions align with Rackspace's pivot towards AI. The company expects to realize $75 million to $85 million in annualized savings. This strategic shift aims to streamline operations.
San Antonio, Texas
https://www.bizjournals.com/sanantonio/news/2026/06/16/rackspace-slashes-local-workforce.html