Rackspace, the San Antonio-based cloud and information technology services company, is cutting nearly 200 jobs, it confirmed Thursday.
“We have eliminated positions that impact about 3% of our total global workforce of more than 6,600 employees,” company officials said in a statement.
Rackspace declined to specify how many local employees are affected.
The company continues to hire and has nearly 200 open positions on its job site, officials said, adding that it remains a “stable, profitable company” that hired more than 1,500 people last year.
“As a normal course of business and like many major tech companies in our industry, we are constantly re-balancing our workforce as we evolve and grow our business,” they said.
“We continue to invest in our business based on market opportunity and our customers’ needs — we take actions on an ongoing basis in some areas where we are over-invested and hire in areas where we are under invested.”
The company’s leadership has also undergone a series of changes in recent years. Apollo Global Management took Rackspace private in a $4.3 billion leveraged buyout in 2016, and Joe Eazor replaced Taylor Rhodes as the company’s CEO in the summer of 2017.
Rackspace’s chief operating officer and chief financial officer departed the same year. The company has since filled the positions, and also brought other new executives, including a new chief marketing officer.