In addition, the company has curtailed non-essential employee travel and temporarily frozen hiring. Cash merit increases and 2020 cash bonus plans are being replaced by one-time equity award will employees with a salary equal to or less than $75,000 will receive a one-time $1,000 bonus, adjusted for local currency.
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BLACKBAUD CONSERVING CASH Featured
Blackbaud has taken a number of steps to conserve cash in its operations. Among the measures implemented this month are the suspending of its quarterly cash dividend 401(k) matches. The nonprofit software company also says CEO Mike Gianoni will not take any pay for the foreseeable future.
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