17 items on a list of 27 have effectively been done for Blackbaud to be acquired, are you paying attention? The ELT stays for the buyout, and the SLT is not your friends.
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I want to know if ELT will be giving up 3% of their wages for 6 months too! (I know I know!) I’m still pi---d about how our annual raises were forever affected when they paid those one year with stock. That didn’t increase actual pay so every year since then we have all been a year behind on what our increases should be. Want a real punch in the gut? Ask any AI to take your starting pay at BB and then adjust for inflation what that amount is today and see how truly little your pay has increased. Only “cost of living” worry BB has is whether Mike can afford fuel for his yacht! And one more thing… if I hear Maggie say one more time “we reviewed the market” I’m going to scream!
They wrote it on the wall whether you choose to listen or not well they can’t help you there. You will most likely be gone in the next two years why would they promote or give raises. They’re cost cutting also it forces more people to leave and it’s severance they don’t have to pay out.
@dg The end game is to try and make the company appear to be worth $80 a share like it was when they turned down the buyout offer. Now the stock is slowly heading towards its actual value of around $12. It should sit there for about 6 months before it drops to single digits, then below a buck, then delisted. This is not financial advise. Only an observation to the folks that already know this hidden truth. (Sadface)
@dg Luckily I got out last month. Yes, they want you to leave on your own and not have to pay any severance. Starting looking now while you have a job and leave on your terms and not theirs. Things will only get worse.
Icing on the cake....a voting item for the annual meeting is to approve the 2025 compensation of the named executive officers.
What exactly is the end game here?
First Mike’s email. Then the RIFs. Then “volunteer” vacation time. Then more RIFs. Then the India transitions. Then more RIFs. Then your annual bonus cut in half from stock prices And now the latest kick to the stomach: delaying raises and promotions by nearly six months while costs for everything in our actual lives continue to explode.
For many of us, it’s already a struggle just to get by right now. This feels like a complete disconnect from reality — a real “let them eat cake” moment from leadership.
At some point people start asking the obvious question: are they actively trying to make employees quit? Because it sure feels that way.
Morale is collapsing. Trust is gone. And we’re speed-running toward becoming a truly miserable organization (more so), led by many of the same people who helped create the mess in the first place.
People can handle hard truths. What they can’t handle is endless corporate doublespeak while their livelihoods get chipped away piece by piece.
Good luck to you all getting out of here in this terrible job market.
You didn’t lean in and listen, they are happening in India.
Mike G said they would still be happening. He even laughed at the notion that they would not. But he's a ba----d so who knows?
Because why give raises and promotions to people who are going to be gone before December 1st anyways?