Rackspace has started the process of moving 90 employees out of the public cloud department to other areas of the company, such as hybrid and private cloud. The main reason for the move is the other areas of the company are growing faster than the public cloud area.
The company stated that they are preparing for a slowdown in new signups for the OpenStack product, which is their public cloud service. With more new public cloud workloads going to Azure and AWS, they are predicting a slowdown in this area.
Rackspace regularly moves employees around to help concentrate on the fastest growing area of their business. They currently have more than 6,000 employees and expect that number to continue to grow.