Update version bump workflow (#3581)

.github/workflows/_cut_rc.yml

@@ -0,0 +1,29 @@
+---
+name: Cut RC Branch
+
+on:
+  workflow_call:
+
+jobs:
+  cut-rc:
+    name: Cut RC branch
+    runs-on: ubuntu-22.04
+    steps:
+      - name: Checkout Branch
+        uses: actions/checkout@b4ffde65f46336ab88eb53be808477a3936bae11 # v4.1.1
+        with:
+          ref: main
+
+      - name: Check if RC branch exists
+        run: |
+          remote_rc_branch_check=$(git ls-remote --heads origin rc | wc -l)
+          if [[ "${remote_rc_branch_check}" -gt 0 ]]; then
+            echo "Remote RC branch exists."
+            echo "Please delete current RC branch before running again."
+            exit 1
+          fi
+
+      - name: Cut RC branch
+        run: |
+          git switch --quiet --create rc
+          git push --quiet --set-upstream origin rc