Rackspace is cutting 6% of its workforce

0 Posted by - 9th February 2017 - Technology

Via a blog post by CEO Taylor Rhodes, Texas-based cloud computing company Rackspace announced that it is cutting about 6% of its workforce in areas that have seen slowed growth in recent years.

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Rhodes says the cuts will primarily be focused on the company’s corporate administrative expenses and management, and that the company’s “front-line” support staff and product teams will be least impacted by the layoffs. Rackspace did not provide additional details about where the cuts will come from or the specific number of employees that would be impacted, saying only they are in areas “where the workforce has grown more rapidly than the revenue.”

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