Rackspace Cutting 6% of US Workforce

Rackspace, which is facing pressure from competitors as its tries to stabilize and grow its own cloud computing business, is cutting about 6% of its US workforce, as well as a number of positions overseas. The news comes from a February 7 blog post by CEO Taylor Rhodes, who recently oversaw Rackspace’s $4.3 billion transition from a public to a private company.