Rackspace Cuts 15% Workforce to Focus on AI Growth

Rackspace Technology is set to reduce its global workforce by approximately 15 per cent as part of a major transformation strategy aimed at strengthening its position in the rapidly growing enterprise artificial intelligence (AI) market. The cloud and IT services provider announced that the workforce reduction is a key component of a broader restructuring programme designed to align the company with increasing demand for AI-driven services and infrastructure solutions.