About 95 people were laid off on Aug 23. For now, I will just say that following the ousting of the former CEO by the board earlier this year, the reins have been assumed by the founder herself alongside a fellow septuagenarian on the board. The founder once exemplified adept leadership and unparalleled foresight, but the natural effects of aging have hindered her ability to be an effective CEO.
While she could still contribute immensely to BlackLine, this is not true from a leadership capacity, and especially not as a CEO. Like the countless baby boomers who refuse to retire, she is inadvertently preventing BlackLine from entering the future. She made this very clear on Aug 23 when she let go some of her best employees while retaining those in her inner circle, who can only be described as ineffective "Yes" men and women.
I will be back again with more details.