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5 lessons for MSPs from big Tech's 2026 workforce shakeup. The technology industry is undergoing another significant workforce reset. More than 175,000 tech workers have been laid off in 2026 so far, according to data cited by Yahoo Tech, with cuts affecting companies including Oracle, Meta, Microsoft, Apple, TikTok, Amazon, Rackspace, and others. The reasons vary. Some companies are restructuring or pursuing greater efficiency, while others are redirecting resources toward artificial intelligence. Oracle, for example, disclosed that it cut 21,000 jobs over the past year and acknowledged that AI adoption and deployment have resulted, and may continue to result, in workforce reductions. For MSPs, these developments offer lessons about workforce planning, AI investment, efficiency, and preparing teams for changing technology demands. 1. AI is changing where companies Invest. AI is influencing workforce decisions at several major companies. Rackspace cut approximately 750 workers as it shifted its focus toward AI, while Meta's reductions are helping create room for greater AI spending. For MSPs, the lesson isn't simply to replace employees with AI. It's to determine where automation creates capacity and where human expertise delivers greater value. MSP Action: Identify repetitive processes AI can improve while keeping employees focused on customer relationships, complex problem-solving, and higher-value services. 2. Efficiency is becoming a bigger priority. Not every workforce reduction is attributed to AI. Some companies are restructuring to become more efficient or create more disciplined cost structures. MSPs face similar pressure to improve service delivery without allowing operating costs to increase at the same pace as revenue. MSP Action: Review workflows, service processes, and staffing utilization to identify inefficiencies before automatically adding headcount as the business grows. 3. Technology skills are shifting. The layoffs also include technology positions. Apple's reported cuts include roles within its Vision Group and Intelligent Systems Experience organization, while Etsy's reductions primarily affected product and engineering teams. The changes reinforce how quickly technology priorities can shift and why employee skills need to evolve with them. MSP Action: Invest in ongoing training around AI, automation, cybersecurity, cloud services, and other areas aligned with changing client demand. 4. Workforce decisions should follow strategy. Companies in Yahoo's tracker aren't reducing staff for the same reasons. Some cite efficiency, while others are restructuring around AI, products, profitability, or long-term priorities. For MSPs, staffing decisions should similarly begin with business strategy rather than headcount alone. MSP Action: Align hiring, reskilling, and automation decisions with client needs and the services where the MSP intends to grow. 5. Clients are changing their workforces too. The broader wave of layoffs is also a reminder that MSP customers may be restructuring their own organizations. Workforce reductions, AI investments, and changing priorities can alter technology requirements. Those changes can affect user provisioning, software licensing, cybersecurity, support demand, and IT budgets. MSP Action: Use business reviews to discuss workforce changes and determine whether clients' IT services, licenses, security controls, and technology plans still match their needs. Preparing MSPs for the workforce ahead. Big Tech's 2026 workforce shakeup isn't driven by one trend alone. AI investment is part of the story, but so are efficiency, restructuring, profitability, and changing strategic priorities. For MSPs, the opportunity is to prepare rather than react. Providers can identify where AI and automation create meaningful efficiencies, develop the skills their teams will need next, and keep staffing decisions connected to business strategy. Understanding how clients' workforces are changing also gives MSPs another opportunity to provide strategic guidance beyond day-to-day IT support.

Alberta Investment Management Corp purchases new holdings in Broadcom Inc. $AVGO. Alberta Investment Management Corp acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 76,200 shares of the semiconductor manufacturer's stock, valued at approximately $28,785,000. Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Broadcom by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer's stock worth $167,064,997,000 after buying an additional 3,919,715 shares in the last quarter. State Street Corp raised its holdings in Broadcom by 2.7% in the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer's stock valued at $65,788,194,000 after acquiring an additional 5,040,801 shares in the last quarter. Geode Capital Management LLC raised its holdings in Broadcom by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer's stock valued at $38,396,634,000 after acquiring an additional 1,548,699 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Broadcom by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer's stock valued at $29,607,500,000 after acquiring an additional 2,491,644 shares during the last quarter. Finally, Norges Bank bought a new position in Broadcom during the 4th quarter valued at $24,252,196,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors. Wall Street analyst weigh in. Several equities research analysts have recently weighed in on the stock. Susquehanna reissued a "positive" rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Citigroup reiterated a "buy" rating on shares of Broadcom in a research note on Thursday, June 4th. Royal Bank Of Canada boosted their price objective on Broadcom from $360.00 to $400.00 and gave the company a "sector perform" rating in a report on Thursday, June 4th. Finally, Bank of America upped their price objective on Broadcom from $450.00 to $530.00 and gave the company a "buy" rating in a research note on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Broadcom presently has an average rating of "Moderate Buy" and a consensus price target of $491.97. Discover more defense contractors Military news articles Military procurement consulting Broadcom news summary. Here are the key news stories impacting Broadcom this week: * Positive Sentiment: Rackspace Technology launched a fully managed multitenant cloud platform based on Broadcom's VMware Cloud Foundation 9.1. The deployment provides early commercial validation for Broadcom's VMware strategy and targets regulated customers running Kubernetes and AI workloads. Broadcom (AVGO) Debuts VMware Cloud Foundation 9.1 In Managed Multitenant Cloud * Positive Sentiment: Analysts continue to view Broadcom as a major beneficiary of the shift from AI training toward inference and agentic workloads, supporting the long-term outlook for its custom silicon and networking businesses. Broadcom Vs. Micron: Why They're So Strong as Capital Shifts to Inference and Agentic AI * Positive Sentiment: Historical analysis argues that the loss or reduction of a major customer's chip program does not necessarily imply sustained weakness; Broadcom's revenue grew substantially after a comparable Apple-related concern in 2023. Broadcom Has Seen Its Biggest Customer Drop a Key Chip Before * Neutral Sentiment: Upcoming NVIDIA earnings and guidance could move Broadcom and other AI stocks, making NVIDIA's results an important read-through for AI infrastructure demand. NVIDIA Earnings Could Move These 3 AI Stocks * Neutral Sentiment: Reported short-interest data showed no measurable short position, but the figures appear incomplete or erroneous, limiting their usefulness as a trading signal. * Negative Sentiment: Analysts expect continued gross-margin contraction in the upcoming third-quarter report, raising concerns that Broadcom's rapid AI expansion could pressure profitability. Broadcom Q3 Earnings Preview * Negative Sentiment: Reports that Broadcom is arranging roughly $60 billion of AI-related financing, potentially through structures that keep debt off its balance sheet, have increased investor concerns about leverage, credit-default-swap risk and the ultimate scale of AI deployment obligations. Broadcom's $60 Billion AI Debt Deal * Negative Sentiment: Broadcom is also facing broader semiconductor-sector selling ahead of NVIDIA's report, while Marvell's expanded custom-chip agreement with Google has intensified worries about customer concentration and competitive pressure. Broadcom Stock Drops Amid Rising Credit Default Swap Concerns Insider buying and selling. In other news, Director Gayla J. Delly sold 1,890 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the sale, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justine Page sold 1,602 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director owned 17,426 shares of the company's stock, valued at $6,514,884.36. This represents a 8.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,644 shares of company stock valued at $24,016,214 over the last quarter. Company insiders own 1.90% of the company's stock. Broadcom trading down 0.6%. Broadcom stock opened at $356.74 on Wednesday. Broadcom Inc. has a 1 year low of $287.17 and a 1 year high of $495.00. The firm's 50-day moving average is $387.47 and its 200-day moving average is $375.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. The company has a market cap of $1.70 trillion, a P/E ratio of 59.46, a PEG ratio of 0.68 and a beta of 1.45. Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.04. The business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company's revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. On average, equities analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current year. Broadcom announces dividend. The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio is 43.33%. About Broadcom. Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia. On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon. Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report). Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.

Rackspace Technology launches Rackspace Cloud, among the first fully managed multitenant cloud platforms built on VMware Cloud Foundation 9.1. New platform gives enterprises elastic VMware capacity ready for virtual machines, Kubernetes, and production AI workloads, with the governance and control regulated industries require. SAN ANTONIO, Aug. 25, 2026 (GLOBE NEWSWIRE) - Rackspace Technology(R)(NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the launch of Rackspace Cloud, a fully managed, multitenant cloud platform powered by Broadcom's VMware Cloud Foundation 9.1 (VCF 9.1), initially available in Dallas, followed soon by North Virginia and Chicago areas. Rackspace is among the first providers to bring a fully managed multitenant platform to market on VCF 9.1, and one of a limited set of Broadcom Advantage Partners able to deliver VCF-based managed cloud services. Rackspace Cloud gives enterprises a new way to use modern cloud capabilities, such as Kubernetes and containerized applications, while maintaining the VMware environment and control they require. The launch arrives as enterprise demand shifts decisively toward governed private infrastructure. Broadcom's Private Cloud Outlook 2026 research found that 56 percent of organizations are running or planning to run production AI inferencing in a private cloud, while public cloud use for production inference declined 15 percent year over year from 56 percent to 41 percent. "For years organizations operating private clouds have had to choose between agility or control," said Bryan Litchford, Head of Product, Engineering, and Data Centers at Rackspace. "Rackspace Cloud removes that tradeoff. The same governed platform that powers an enterprise's VMware environment today provides the flexibility to support Kubernetes and AI inference workloads as business needs evolve, all while maintaining consistent governance and control. With capacity staged in advance, automated lifecycle management, and enterprise-grade VMware capabilities delivered through a fully managed service, customers scale in hours, not procurement cycles." "Rackspace Cloud powered by VMware Cloud Foundation gives customers a managed path to cloud agility, combining Rackspace's operational expertise with Broadcom's leading private cloud platform," said Ricky Cooper, Vice President of Global Cloud Service Providers, OEM and eOEM, Broadcom. "Together, we are helping enterprises scale their modern private clouds cost-effectively, operate securely, and innovate rapidly." As enterprises evaluate modernization strategies and seek alternatives to increasingly complex environments, Rackspace Cloud simplifies VMware operations, speeds deployments, and reduces the burden of buying hardware and maintaining data center infrastructure, without requiring customers to manage the underlying systems or buy additional capacity. Key capabilities include elastic consumption on pre-staged infrastructure, integrated support for virtual machines and Kubernetes workloads on a single platform, and enterprise grade isolation, security, and governance controls. The platform is delivered with transparent lifecycle management, multiple performance tiers, and 24x7x365 managed operations. Rackspace will showcase Rackspace Cloud at VMware Explore 2026 in Las Vegas, August 31 through September 3, where Rackspace is a Diamond Sponsor exhibiting at Booth #104, and will be presenting in the session, "VCF State of the Union: Optimizing Costs and Closing Security Gaps in the AI Era [CLOB1276LV]." About Rackspace Technology Rackspace Technology(R)(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 Private Securities Litigation Reform Act of 1995, including regarding the anticipated benefits, capabilities, availability, and performance of Rackspace Cloud powered by VMware Cloud Foundation. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including those described in Rackspace Technology's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the SEC. Rackspace undertakes no obligation to update these statements except as required by law. Media Contact Will Link Stanton Public Relations & Marketing [email protected] Company Profile Rackspace US, Inc. Industry: Technology Website: https://rackspace.com Recommended reading.