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RXT Shareholder Alert: Rackspace Technology, Inc. Securities Class Action Lawsuit - Investors With Losses May Contact SueWallSt
Source: prnewswire.com
Artificial IntelligenceM&A & RestructuringCorporate Guidance & OutlookCompany Fundamentals
Rackspace allegedly cut 15% of its global workforce and began exiting colocation and basic-hosting operations to free capacity for enterprise AI. Although full-year revenue targets had remained intact, the company reportedly reduced them by $150 million on July 9, 2026, signaling material pressure on its legacy infrastructure business and near-term growth outlook.
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