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Rackspace Technology Recognized as one of the Achievers 50 Most Engaged Workplaces® of 2023

Rackspace Technology Recognized as one of the Achievers 50 Most Engaged Workplaces® of 2023

Rackspace Technology Recognized as one of the Achievers 50 Most Engaged Workplaces® of 2023

The award program honors forward-thinking employers for their unwavering commitment to employee engagement 

SAN ANTONIO, TX – March 15, 2023 — Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced its recognition as one of the 2023 Achievers 50 Most Engaged Workplaces®. In receiving this accolade, Rackspace Technology is recognized for their demonstrated leadership in leveraging innovative employee engagement and recognition tactics. Celebrating its 11th year, the Achievers 50 Most Engaged Workplaces® Awards will honor this year’s winners at a celebration taking place on May 30th, the evening before Achievers’ annual conference, ACE, being held during May 31-June 1, 2023, in Austin, Texas.

Pandemic-era trends reshaped employee expectations and behaviors. However, even when faced with a volatile labor market, organizations can boost employee morale and reduce attrition by celebrating, supporting, and engaging employees. The winners of this year’s awards and their productive, happy workforces help echo this truth and serve as blueprints for innovative employee engagement strategies.

“Amid economic turbulence and a rapidly changing work landscape, it has never been more vital to prioritize employee engagement. However, building a workplace that effectively engages and supports all employees is no easy feat,” said Jeff Cates, CEO, Achievers. “We’re proud to announce this year’s 50 Most Engaged Workplaces and recognize an impressive group of companies who are truly redefining employee engagement excellence.”

A panel of 11 esteemed judges comprised of employee engagement academics, industry analysts, thought leaders, journalists, and influencers evaluated the applicants. Winners were SELECTed based on Achievers’ Eight Elements of Employee Engagement®: Accountability & Performance, Belonging, Equity & Inclusion, Culture Alignment, Manager Empowerment, Professional & Personal Growth, Purpose & Leadership, Recognition & Rewards, and Wellbeing.

“We are proud that our company culture has been recognized by the experts at Achievers. We take employee engagement seriously at Rackspace Technology, and we are committed to cultivating an inclusive culture that values the unique contributions of our employees. This helps us attract, develop, and retain the brightest talent in our industry,” said Kelly Butler, Chief Diversity Officer and Senior Vice President of Global HR Services for Rackspace Technology. “This recognition is a great reflection of our employee value proposition and what it means to be a Racker.”

For more information about Achievers 50 Most Engaged Workplaces, please visit www.achievers.com/engaged. Follow the conversations on Twitter at @Achievers or use the hashtag #Achievers50.

About Achievers

Achievers’ employee voice and recognition solutions bring your organization’s values and strategy to life by activating employee participation and accelerating a culture of performance. Achievers leverages the science behind behavior change, so your people and your organization can experience sustainable, data-driven business results. Visit us at www.achievers.com.

About Rackspace Technology

Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

Media Contact

Natalie Silva

publicrelations@rackspace.com

About Rackspace Technology

Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at www.rackspace.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events and can be identified by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continues,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect,” “is putting,” “designed to,” or the negative of such terms or other similar expressions, although not all forward-looking statements contain these words.

 These statements include, but are not limited to, Rackspace Technology’s relationship with NVIDIA and the NVIDIA Cloud Partner Program, its Enterprise AI Cloud strategy, the anticipated capabilities, benefits and timing of its Institutional Sovereign Pod architecture, Rackspace’s outlook on the AI industry and its ability to deliver, operate, and scale AI infrastructure and solutions for regulated, institutional and sovereign enterprises. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation: Rackspace's ability to realize the anticipated benefits of its relationship with NVIDIA and the NCP program; the availability, cost, and timing of deployment of NVIDIA and other third-party technology; Rackspace's ability to develop, market, and scale the Institutional Sovereign Pod and related offerings on the anticipated timeline or at all; market acceptance of and demand for sovereign and governed AI infrastructure solutions; competition in the AI infrastructure and cloud services markets; capital expenditure requirements associated with AI infrastructure buildout; availability of financing for the AI infrastructure buildout on terms acceptable to Rackspace; Rackspace’s reliance on a limited number of technology partners, including NVIDIA; cybersecurity, data privacy, and regulatory compliance risks associated with serving regulated and sovereign customers; general economic and industry conditions; and other risks and uncertainties described in Rackspace's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rackspace undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.