We were "absorbed" into Rackspace in 2020 (Pre IPO). During the onboarding phase we were told that RS hadn't laid anyone off in the previous 5 or so years, they were proud of finding a job where everyone was valued. They laid off a chunk of my team... — read more
May as well move the HQ to Mx or India.
San Antonio-based Rackspace announces layoffs amid multimillion-dollar restructuring plan Rackspace, one of San Antonio's most prominent tech companies, is prepping for a round of layoffs amid a multimillion-dollar restructuring... — read more
The most recent round of layoffs announced in November (only to those being laid off) involve primarily people who don't work the standard 9-5 job, with those jobs going to India. The laid off 4 highly technical admins in my group, so the word that... — read more
What do you think???
Nothing more to add. It's bad.
Layoffs did happen today at Rackspace. Few former consultants of mine turned Rackers (work for an agency in San Antonio) have told me their friends got cut and are sending their resumes over. Don't know how large the layoff is but it's touching a lot... — read more
We were told there would be between 250-300 positions cut in a meeting 1 month ago. Today is the day for cutting the majority among the identified positions. Most of the cuts seem be in non-technical position.
https://finance.yahoo.com/m/b4c315d0-151a-3294-897d-1a7673cc5a41/ss_rackspace-board-pushed-back.html Apollo wanted to gut half the company and now a smaller percentage..not sure why no one is even talking about this
I was told my position was "eliminated" on 2/15/16. So were 5 others on my team. We were told that we could apply for other positions within the company but no effort was made to "reassign" us. Rackspace is in real trouble.
Opening new offices and giving the percecption that all is great but when in fact things are and have been on a downward spiral for the past 4 years. This is the biggest "downsizing" the company has had to do.
Yeah, they're doing a lot of hatcheting now. But I don't think they are reporting this publicly as they should. It doesn't sound good. With the kind of crap management we have I guess it should not be surprising.
So, not so sure on these best years..
I am sure we'll be outstanding performers this and next year. 2014 is one of the best years on record for Rackspace, and I truly expect no layoffs.