According to a November 4 statement by Blackbaud, the August layoff was specific to its one-time services area. “It was a very small percentage of our workforce,” according to the company. Some of those affected were able to move into other roles. Last week’s action was also described as small percentage of the overall workforce. “In addition, we proactively closed a larger portion of open/unfilled roles,” the company stated. Laid-off employees are receiving outplacement assistance. During the earnings webcast for results for the third quarter ended September 30, CEO Mike Gianoni referred to “actions to rebalance workforce and reduce overhead.” Gianoni described the period as being “a very strong quarter.”  In the form 10-Q filed with the SEC, the company referred to “further elimination of open positions” and said it expects $6 million to $8 million in pre-tax severance costs, most of which will be recognized during the current quarter. Blackbaud said the actions are expected to reduce its pre-tax cost run rate by about $40 million. The document notes Blackbaud is following a remote-first workforce policy, which helped it achieve carbon neutrality for 2021. The company lost $10.3 million for the most recently ended quarter, compared to $6.2 million in net income a year ago. There was an operating loss of slightly more than $7 million during the quarter, a turnaround from $11.8 million in operating income in last year’ corresponding period. Revenue for the quarter was $261.3 million, up 13 percent from $218.6 million a year ago.