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Rackspace Technology, Inc. approved a workforce realignment plan on June 10, 2026, which is expected to result in the…
RXTRackspace Technology, Inc.
Rackspace Technology, Inc. approved a workforce realignment plan on June 10, 2026, which is expected to result in the termination of approximately 15% of its global workforce. The company expects to incur one-time expenses of $14 million to $19 million in 2026, with anticipated annualized run-rate savings of $75 million to $85 million. Rackspace Technology, Inc. is a provider of multi-cloud and multi-model AI solutions for regulated enterprises.