Cloud reseller and integrator Rackspace Technology is kicking off a restructuring process involving the loss of nearly 4 percent of the global workforce due to a slowdown in cloud computing growth rates., has written to staff to inform them of the actions designed to prepare for what the CEO sees as business bumps ahead.
."Hyperscalers indicate growth rates are slowing. We are also experiencing similar trends as we are too part of the cloud ecosystem." "Rackers affected in the United States were notified yesterday, and Rackers whose roles are at risk outside of the US are being notified and a consultation process is being started where required. Depending on the business situation, the last day of employment for affected Rackers will vary, as some will be asked to transition their work and responsibilities," added Maletira.