Rackspace Cuts About 15% of Its Workforce to Pivot to Enterprise AI
CONFIRMED86% CONFIDENCERackspace's Form 8-K says "On June 10, 2026, the Executive Committee of the Board of Directors of the Company approved a workforce realignment plan" and "A majority of the impacted employees were notified on or around June 10, 2026".[1]
Rackspace is cutting about 15% of its global workforce, roughly 750 of some 5,000 employees, mostly in legacy public-cloud services, to redeploy money into enterprise AI.
$16.5M
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