downhill from here - get out while you can - post regarding Blackbaud Inc. layoffs

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 to existing customers. Churn metric is all eyes.
Reduce expenses - minimal new hires. open positions frozen / cancelled.
Assume large customers won’t switch to competitors who are eating us alive.

It’s all going downhill. Company budgeting for 20% cost reductions this year while they all enjoy hawaii. can’t make it up.

Open to selling to the right bidder. Regrets about saying no to Clearlake.

Polish your resumes and get looking. Don’t expect the company to grow and assuming negative revenue YoY.

Comment! It's anonymous!

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No news today that I heard

I came here to say something as well. Something seems off. There must be some kind of news tomorrow. We’ve been told multiple times to attend some larger group call tomorrow.

Is anyone thinking something is about to go down? I hate speculation, but my manager has been super weird and cagey.

Thank you for making this post. I'm seriously concerned with the lack of attention/care about the direction of this company from all of us regular employees.

The India initiative is not good for us regular employees. It should not be celebrated or seen as a positive in any way, shape, or form, folks. That alone should have you worried and dusting off your resume.

Not just that, though.

Listen to the most recent earnings call. If you don't have the time for that, I highly suggest reading the Insider Monkey article posted about our company. I have no affiliation with that site or the person who wrote the article but I feel that they did a seriously good job of summing up the earnings call and the direction of the company.

As the OP of this thread mentions, Blackbaud's only growth plan boils down to cost cutting and raising rates for existing customers. That's it. This plan is highly likely to fail due to customers simply leaving.

I love this company, but I am seriously worried about my future here with the growth plans and India stuff.

For those unfamiliar, this refers to President’s Club—an annual gathering for top-performing sales employees, typically held in a luxurious destination. If you haven’t heard of it, that’s not surprising. It’s hardly something they’d promote while the company’s future remains so uncertain. Layoffs keep coming, one after another. If you’re searching for signals, how many more do you need? At the end of the day, only you have your best interests at heart—certainly not the executives profiting while the company struggles.

Thread regarding Blackbaud Inc. layoffs

downhill from here - get out while you can

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