I've heard that more changes are expected in Q3 or Q4 of 2025, as BB India continues training to take on additional cybersecurity tools. Cyber teams should anticipate significant shifts, with a potential reduction in staff as BB India expands its... — read more
Another week of uncertainty ahead
It’s clear we’re heading downhill onshore. I’ve more or less come to terms with the high likelihood that I’ll be out of a job soon. If only the job market weren’t this rough.
How is the layoff list made?
I used to believe it was about performance. Now I’m not so sure. Some people who barely worked got cut, sure, but I’ve also watched top performers get pushed out. It feels random. Or worse.
I don’t know about you, but I’ve been looking into other options
It’s obvious there will be more layoffs. I hope to have another job lined up when the next round happens.
Is anybody else just stuck in this constant panic?
I know the layoffs are done for now, but I still have this knot in my stomach like I am just waiting for the next bad thing to hit. It cannot be good for me, but here I am anyway. How are we supposed to feel safe, even for a little while, when... — read more
What is the end game?
They posted a ton of jobs in India the same day they made a RIF in the US. How many more times will this happen? How big will India get? Will it just end up being the ELT in the US and a few directors and everyone else in India?
Pretty shocked they haven't said anything
In the most recent RIFs they at least emailed within 24 hours or so of the day it happened. Feels weird an unknown amount of our colleagues were just laid off (unsure of impact but it sounds like a lot) and not a peep. I wonder if they're... — read more
More cost cutting coming our way
Read the writing on the wall, there's a huge reason why they are pushing for India hiring and it's not because we'll all be one big happy family. It's to reduce the biggest expense to a business, payroll. Because we aren't organically growing... — read more
Wishing the best of luck to everyone affected
I hope you all land on your feet soon. For those who survive this round — stay prepared. I believe we may see more layoffs in the near future.
How are they notifying people?
Email, phone call, 1:1?
Buckle Up!
It’s about to get even even worse for everyone.
Clearlake
Damn that Clearlake offer looks good now. Bonus and ltip get less valuable by the day. Time to polish up that resume.
On the topic of company direction and future of our products, can someone fill me in on how Raiser's Edge NXT is missing so many features?
None of my colleagues been around long enough to know. I have only been at the company since 2020 so I am missing a lot of the legacy years and information. I've read old some old comments from customers and it sounds like years ago RENXT basically... — read more
Any1 feel like BB was overly punished for the security incident?
feel like the number of requirements/systems/processes we've implemented, are currently implementing, or will implement in the future, as a result of that are starting to be a bit much
downhill from here - get out while you can
Leaders offshore boondoggle in Hawai strategy plan reduce costs wherever possible. Huge push to offshore as many positions as possible to India upcharge on renewals. We are bleeding and can only increase revenue by significantly charging more... — read more
only gettin 95% of my shares for my performance award, how is this computed??
i check today for additional details and notice im not getting the full share amount, some 95% or something instead. what determines this? i have gotten good reviews every time and never been told anything negative. is giving me my dozen or so more... — read more
Wait, there's now a Rule of 45 they are trying to achieve? Oh boy.
Stock took a hit because investors see right through the ELTs plans. Layoffs are guaranteed this year and next year, just wait until India is fully hired and trained up. They won't layoff until that is complete as it will throw a wrench in those... — read more
Anyone else incredibly anxious about layoffs soon?
Couple of reasons: India and all of the accelerated hiring that started in the final half of 2024. Also name a single company that mass hired in India and DIDN'T have layoffs later on? Don't think you can. No layoff in awhile when... — read more
So, Everfi…
Glad to see that the ELT is taking responsibility for a bad acquisition. A ‘nominal amount’ of accountability would go a long way
Layoffs within the last week?
I’ve noticed an uptick in “Open to work” posts by Blackbaud employees within the last week and one employee said their role was reduced…anyone know what’s going on?
Impairment Charge
https://investor.blackbaud.com/news-releases/news-release-details/blackbaud-announces-impairment-charge-related-everfi-assets#:~:text=12%2C%202024%20%2FPRNewswire%2F%20%2D%2D,be%20up%20to%20approximately%20%24415 When I saw this I thought they were... — read more
Earnings... Wtf
Wow the earnings tell me that we should anticipate a massive round of reductions. The C suite cant make their lofty bonuses and goals without it at this stage. This C suite su-ks and needs to go. Just look at the earnings they are horrible. ... — read more
New round of layoffs?
Hearing rumblings of another round of layoffs affecting some engineering and product folx today. Not sure of the scope yet, hope it's minimal.
Should we be worried about Blackbaud India
Not sure who in ELT cooked up that idea
Earnings miss
I’m scared, it was a pretty small miss, right? I was expecting more
Buyout talks again
I wonder if it will really happen this time?
Layoffs this or next week
Rumors are intensifying about layoffs before the end of the month. Any chance somebody here knows more about it?
The CEO was arrested on a DUI last night
Two days after the bad news from the earnings call After the stock dropped 12% Our projects are all a complete mess and everyone is spread thin. Whatcha think is coming next? Yeah. Hold on to your hats... — read more
Anyone else nervous for layoffs after latest earnings?
Also it's been awhile since we've had a layoff, so I am extra nervous.
Annoyed still
"about this headcount" Code for we have more reduction in plans just not today folks, nothing to see here. We know if we do it today our workforce will go nuts so for today we can operate at "about this headcount". It's also great we can see... — read more
Odds of layoffs in May (next earnings date)
What do we think here? 2 rounds of layoffs in a row is usually brutal, could they be sc-mmy enough to do a 3rd?
And there we have it
Was only a matter of time. ClearLake offering at $71.00 per share to take BLKB private
Wow folks check the SEC press release today.
"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
Another day another c level stock dump
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
End of the road
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
Leave Blackbaud
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 hate this
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
Semi annual RIF
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
Sorry to hear
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