{"id":233088,"date":"2026-06-17T09:00:00","date_gmt":"2026-06-17T13:00:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/17\/rackspace-terminates-750-workers-to-focus-on-new-ai-services\/"},"modified":"2026-06-17T18:20:34","modified_gmt":"2026-06-17T22:20:34","slug":"rackspace-terminates-750-workers-to-focus-on-new-ai-services","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/17\/rackspace-terminates-750-workers-to-focus-on-new-ai-services\/","title":{"rendered":"Rackspace terminates 750 workers to focus on new AI services"},"content":{"rendered":"<p><a href=\"https:\/\/sanantonioreport.org\/rackspace-750-workers-pivots-infrastructure-ai-san-antonio\/\">Rackspace terminates 750 workers to focus on new AI services<\/a><\/p>\n<p><a href=\"https:\/\/sanantonioreport.org\/rackspace-750-workers-pivots-infrastructure-ai-san-antonio\/\">https:\/\/sanantonioreport.org\/rackspace-750-workers-pivots-infrastructure-ai-san-antonio\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-17 09:00:00<\/a><\/p>\n<p>Source Domain: <a href=\"sanantonioreport.org\">sanantonioreport.org<\/a><\/p>\n<ul>\n<li>Rackspace announced plans to cut 15% of its global workforce, approximately 750 employees, as part of a strategic shift towards technology infrastructure and AI services.<\/li>\n<li>The layoffs are driven by the company&#8217;s decision to focus less on legacy services and more on building its enterprise AI infrastructure, especially within its AI buildout.<\/li>\n<li>Historically, Rackspace gained prominence in the 2000s due to cloud management and customer service, but now aims to lead in governed enterprise AI infrastructure.<\/li>\n<li>The layoffs involve primarily its Public Cloud business unit and reflect geographic rationalizations rather than layoffs based on performance.<\/li>\n<li>The financial impact of these layoffs is estimated to be $14 million to $19 million, which will then be redirected towards growing AI solutions and infrastructure. <\/li>\n<li>Rackspace anticipates annual savings from these cuts between $75 million and $85 million.<\/li>\n<li>These strategic workforce reductions come while the company has a notable amount of debt, having accumulated over $2.7 billion at the end of 2025, despite a modest 2% year-over-year revenue increase.<\/li>\n<li>The company has renewed its commitment to AI technologies and recently partnered with Advanced Micro Devices (AMD) to expand its capabilities in this area.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rackspace terminates 750 workers to focus on new AI services https:\/\/sanantonioreport.org\/rackspace-750-workers-pivots-infrastructure-ai-san-antonio\/ Publish Date: 2026-06-17 09:00:00&#8230;<\/p>\n","protected":false},"author":1,"featured_media":233089,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/i0.wp.com\/sanantonioreport.org\/wp-content\/uploads\/2026\/06\/RackspaceTechnology_CloudDataAIAnalytics_SanAntonioBusiness03_06.16.2026_AmberEsparza-scaled.jpg?fit=2560%2C1707&ssl=1","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-233088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/233088"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=233088"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/233088\/revisions"}],"predecessor-version":[{"id":233090,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/233088\/revisions\/233090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/233089"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=233088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=233088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=233088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}