Rackspace laying off more employees in response to downturn

Discussion in 'Current Events' started by sec, Mar 29, 2023.

  1. sec

    sec Well-Known Member

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    https://www.bizjournals.com/sanantonio/news/2023/03/27/rackspace-reducing-workforce.html

    HYPERLINK has full article

    snip

    San Antonio-based Rackspace Technology (Nasdaq: RXT) is one of the latest technology companies eliminating jobs to survive the turbulent economy, with almost 275 employees being discharged in the latest round of layoffs.............

    "Like so many companies that are feeling the effects of the macroeconomic downturn, Rackspace is no exception,"


    end snip

    And even more folks in the tech sector being kicked to the curb. This train wreck could have been avoided. I guess it's a small price to pay for no more mean tweets.
     

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