When growth fails under Mike G, ‘follow the sun’ becomes a slogan not a solution.”
And there it is, buckle up for this 24 month wild ride.
I’ll sum the email up for you quickly: “You American employees are too expensive and we need to make the stock price go up, we’re going to be spending the next 24 months laying off as many of you as possible to be replaced with AI and/or cheap India... — read more
“Advancing Workforce Strategy” email from Mike
Layoffs are coming. The vagueness of the email is beyond frustrating. The timeline is beyond confusing as well… 24 months? Anyone have insider knowledge about which teams/departments?
Blackbaud's JustGiving faces a regulatory investigation in the UK
Numerous UK newspapers picking this one up over the weekend, including The Times, The Daily Mail, and others. No doubt their risk exposure / scrutiny with the regulators will increase as they continue to offshore UK and USA product roles and... — read more
Anyone know if financials is gearing up for layoffs?
Title says it all. There’s some really strange restructuring that’s making very little sense. Poor customer retention this year. Internal and external auditors evaluating engineers specifically, that I’ve heard of. Lots of resources being directed... — read more
Are all Nagarro colleagues going to be removed?
I notice that some I work with regularly just randomly disappear daily. The ones remaining are ones that have a ton of product and technical knowledge for BB, so much that it isn't going to be easy to replace them, and they work very hard. Are they... — read more
More Coming in Q3 or Q4
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