Rackspace restructures workforce, nudges guidance; doubles down on long-term strategic bets, optimizes ops
Rackspace confirmed a restructuring plan that will see it make a significant workforce reduction, but shift most of those cut positions to offshore resources. The larger goal is to redirect resources to strategic areas. Amid the changes, Rackspace updated guidance in advance of its 2Q21 earnings release next month. The results nudged upwards amid steady momentum in sales.
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