Rackspace

Courtesy of Rackspace

Taylor Rhodes' resignation comes 6 months after Rackspace went private. He says his decision to leave after nearly 3 years as CEO crystallized when the company was bought by Apollo Global Management. 

"I was then faced with the simple reality, which is, do I view myself as being able to give Rackspace my very best, my all, for the next five plus years," Rhodes explains. 

Rackspace and TechBloc -- San Antonio’s technology advocacy group – are hosting an event Tuesday night for former Rackers, to connect them with local technology firms.  The event is scheduled to take place beforeTechbloc’s monthly meetup.

Local civic leaders say they want to keep laid off Rackspace employees in San Antonio, but employers aren't sure yet whether the timing and the positions will be a good fit.

Courtesy of Rackspace

Rackspace CEO Taylor Rhodes made the announcement Tuesday on the Rackspace Blog, confirming the company is cutting 6 percent of its global workforce, about 198 of those in San Antonio.

President and CEO Richard Perez of the San Antonio Chamber of Commerce says he’s hopeful the technology workers being laid off at the cloud computing company will stay in San Antonio.

Rackspace Hosting Inc. announced today it is being purchased by the private equity firm Apollo Global Management LLC in a $4.3 billion deal that will take the cloud-computing company private.

The deal, which was unanimously approved by the Rackspace board of directors, is expected to close in the fourth-quarter of the year. Rackspace stockholders will still have an opportunity to vote on the deal.

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