News of layoffs always gets your attention.
This time it was Rackspace, the managed cloud computing company, which said in an SEC filing it was cutting a whopping 10% of its workforce, or about 700 employees, as part of a restructuring plan.
The company said it comes as it “seizes the expanding market opportunity in multicloud.”
Rackspace didn’t say which roles were affected or where they were located, but did say it continues to hire globally.
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