Was only a matter of time. ClearLake offering at $71.00 per share to take BLKB private

"SEC Charges Software Company Blackbaud Inc. for Misleading Disclosures About Ransomware Attack That Impacted Charitable Donors FOR IMMEDIATE RELEASE 2023-48 Washington D.C., March 9, 2023 —" Can we say it again, this companies leadership is in... —  read more 

Some Blackbaud, Inc. (NASDAQ:BLKB) shareholders may be a little concerned to see that the Executive VP of Finance & Administration and CFO, recently sold a substantial US$1.8m worth of stock at a price of US$55.81 per share. That sale reduced their... —  read more 

Let's thank those who have worked with us for years for the end of the road is today March 1 for so many of our colleagues affected by the Feb RIF. And oh those severance packages are puny in comparison to c level share payouts I must say. Let's... —  read more 

Its no doubt unfortunate for all those folks that have been affected in some way by this. This was clearly a cost cutting move in anticipation of a Private Equity takeover. There is no faster way to make a company look more profitable than by an RIF... —  read more 

I quit my old job to join Blackbaud a little over six months ago. I had no idea then how quickly I'd have to worry about my job. While I survived this last round, I know people who have been here about the same time as I who were let go. Now I'm... —  read more 

Blkb use to be awesome. However executive leadership has moved on from a company doing good to a company doing bottom line math. Yes the ELT is beholden to shareholders because you know it's a public company. This ELT though is fu----g special... —  read more 

I worked at Blackbaud for some years as a software engineer. Saw some layoffs. Including them laying off all their quality engineers. Never bought into their phony messaging of making the world a better place or driving social good. I quit years... —  read more 

Don't think for one minute it's over. We'll see many more people lose their jobs before the year is over. This incompetent leadership will continue to correct its own mistakes by cutting costs, which is easiest to do by reducing headcount. I don't... —  read more 

NLRB ruling from Feb 22, 2023 https://www.cnn.com/2023/02/22/success/severance-agreements-rule-change-from-nlrb/index.html Hey everyone affected recently take note of this ruling which is effective immediately. If you have been reduced in the last... —  read more 

While decisions to do a RIF never come easily, the shortfall that we needed to make up that was created (directly or indirectly) by Executive leadership has a wide variety of corrective actions to take, What percentage of a cut to Mike’s’ annual 11m+... —  read more 

I really don't understand why this company works against itself. Why were the top performers cut? Is it that they are hoping for bigger attrition and think they will achieve that by cutting good employees and lowering morale?

It’s interesting that Clearlake has been listed at

This is just my perception of course, but this leadership really seems to have lost its direction. Does anyone here trust that they have a vision and concrete plan for the future of this company?

It would be nice if the CEO, he-l, anyone from the board, could take 30 minutes out of their day to show up for a call to discuss things that have monumental impact on the company instead of shoving the IT manager in front of the angry mob to take... —  read more 

Management still doesn't have the decency to answer questions on company wide calls. Learning just how bad these cuts were. Sh-t show Blackbaud just screwed themselves out of some of the best talent in the industry. Other companies and non profits... —  read more 

Somehow I think that if the leadership made just a tad bit better decisions, the situation here would've been incomparably better, don't you think?

I joined the company 6 months ago and I got the email this morning, despite getting a good performance review for my first quarter here(not like that sh-t even matters). Really upset that I left a good company to join this sh-t show in search for... —  read more 

Check out the public filings on the Blackbaud Investor website. These a--holes made moves on February 13th and then got millions in stock given to them! Over $10MM between the people the on the public filings. Mike, Tony, David, Kevin (s), Jon. They... —  read more 

We have heard from them time and time again after "reductions in force". They have said many times in the past we are now set to be lean and efficient going into the future. That this will set us up and there will be no layoffs in coming years. How... —  read more 

For those who were notified about being laid off - are there a significant number of great performers among you? Some comment that they know several excellent performers who have been laid off, and that totally depresses and worries me.

Does this mean that I can breathe easy and that I am safe, or is there a possibility that I could be notified in the coming days?

Will there be more layoffs? Where does it stop?

Of course, BLKB won't provide a total number because that's just how they roll. Something strange is going on there.

Surely there would be no overlap in Tibco for support right? So support should be safe.

A number of people with 30+ years of tenure were laid off. I guess loyalty means nothing to Blackbaud not to mention the loss of knowledge and experience

I know there was a lay-off in May that affected a decent amount of people. I thought this was the end of layoffs for the year but I got laid off in June. Anyone else part of the June layoffs?

A collegue works there and said "they would not tell us how many were laid off"... —  read more 

Get ready, things are not improving, and many folks are not happy with Blackbaud's management

Statement from Blackbaud (as reported by WCBD): “Today, we informed approximately 150 employees across the entire organization and in multiple locations that their positions have been eliminated. Approximately 50 of these positions are based out of... —  read more 

Ditto ... Payment Services Sales Manager - San Diego

I got axed yesterday - Account Manager, Higher Ed, Charleston, SC

Now, let's call this consolidation as well - 150 folks are let go - so, 50 last year, and 150 this year (2013) - that's 200 - I'd venture to say that letting go 10% of your work force is a bit more than consolidation. Keep in mind that the execs are... —  read more 

Blackbaud has not had a layoff, rather a consolidation that is to be expected in the normal course of business. As a result of combining the companies following the Convio acquisition, we recently made some organizational changes which impacted 51... —  read more 

Blackbaud announced internally today that they will be laying off 51 employees, including Gene Austin, former CEO of Convio (Blackbaud acquired Convio earlier this year). Gene had been appointed President of Blackbaud's Enterprise Client Business... —  read more