---
schema_version: "secwatch.filing_event.v1"
accession: "0001810019-21-000124"
form_type: "8-K"
ticker: "RXT"
cik: "0001810019"
company_name: "Rackspace Technology, Inc."
filed_at: "2021-07-22T23:59:59+00:00"
generated_at: "2026-06-30T03:24:12.728242+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Rackspace cuts 10% of workforce, reinvests $65-70M, raises Q2 guidance

## Summary
- Restructuring: ~10% workforce cut (85% backfilled offshore); $70-80M pre-tax charges over 12-24 months.
- Expects $95-100M gross annual savings; $65-70M reinvested in cloud growth areas like AI and security.
- COO Subroto Mukerji transitions to President – Americas; CFO Amar Maletira becomes principal operating officer.
- Q2 revenue guidance raised to $741-744M; Non-GAAP EPS $0.22-0.24 (above prior $0.21-0.23); bookings $258M (+6% QoQ).

## SEC filing metadata
- accession: 0001810019-21-000124
- form_type: 8-K
- ticker: RXT
- cik: 0001810019
- company_name: Rackspace Technology, Inc.
- filed_at: 2021-07-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810019/000181001921000124/0001810019-21-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810019/000181001921000124/rxt8k72221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001810019-21-000124
- JSON: https://secwatch.observer/filing/0001810019-21-000124.json
- Plain text: https://secwatch.observer/filing/0001810019-21-000124.txt

## Key facts
- Executive change
  Subroto Mukerji changed role as President – Americas Region at Rackspace Technology, Inc..
  - Action: transition
  - Role: President – Americas Region
  source text: On July 22, 2021, the Company announced that Mr. Subroto Mukerji, the Company’s current Chief Operating Officer, has agreed to transition from his current role of Chief Operating Officer to the role of President – Americas Region, effective as of August 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810019/000181001921000124/0001810019-21-000124-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.