Image via Simply Wall St
Last updated
Rackspace Technology: Layoffs
Rackspace Technology announced plans to cut approximately 15% of its workforce in 2026 to generate US$75–85 million in annual cost savings for reinvestment in AI infrastructure.
Source: Simply Wall St
The leadership read
Workforce moves like this mark the contracting side of technology hiring conditions.
Market context: This lands while the Talent Market Index reads 107.4 (Hot) — down 1.7 versus the prior month — and Americas signal share is rising (+10.6pts).
Rackspace Technology: 2 signals in the last 90 days — above the Technology median of 1 across 210 tracked companies; 0.1% of MitchelLake's EMEA signal flow; 2 tracked across 25 days.
MitchelLake in this thematic
Case study
US Sales Lead - first full-time hire in the United States, spearheading US market entry
Traffio
Our work · 2019
VP Sales (US) / CEO
Multiple (Longtail UX, Genbook)
Americas · Technology/SaaS · founder-transition · international-expansion
Our work · 2020
Chief Technology Officer
Splitit
Americas · Fintech · payments · fintech
From the MitchelLake archive
Also at Rackspace Technology →
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Layoffs · Americas
Ubisoft →Ubisoft eliminated 93 roles in its San Francisco office, as documented by California WARN notice filing.
Layoffs · Americas
Groupon →Groupon announced 400 job cuts in May 2026 as part of AI-driven workforce restructuring across the technology sector.
Product Launch · Americas
3P Learning →3P Learning's Reading Eggs and Mathseeds products recognized as Best Gamification in Learning Products at 2026 CODiE Awards. Award recognition validates product market position and gamification strategy in educational technology sector.
Leadership Change · Americas
Upstart →CEO Dave Girouard departed Upstart, a significant leadership transition that has created market uncertainty despite the company's solid financial performance and return to GAAP profitability.
Partnership · Americas
GHD →GHD selected by US Army Corps of Engineers (USACE) Savannah District for an indefinite delivery/indefinite quantity (IDIQ) contract for architect-engineer civil works and non-military design services
Product Launch · Americas
Samsung Electronics →Samsung Electronics launched its first co-branded credit card in the United States, issued by Barclays U.S. Consumer Bank on the Visa network, offering tiered cash rewards and integrated Samsung Wallet benefits.
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