Rackspace

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.

Shelley Kofler / Texas Public Radio

Nationally, and in cities like San Antonio, IT companies are searching feverishly for qualified employees. The White House estimates that 12 percent of the country’s five million available jobs are in technology, which is why President Obama has supported federal funding for training. In San Antonio, cloud-computing company Rackspace has united with the city and some schools to tackle this area’s IT gap.

UTSA has announced another growth spurt for its program that teaches students how to turn their hi-tech ideas into successful businesses.

The university has received a $300,000 grant to expand its Center for Innovation and Technology Entrepreneurship program. The 80/20 Foundation, who provided the funding, gave the grant in hopes that one day someone going through this program will create the next Rackspace.

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