Moody’s downgrades Blackboard’s debt. Behind the financial lingo lies some insight into the company’s turnaround efforts and impact from late delivery of Learn Ultra.
Over the past two weeks Blackboard had another round of layoffs, likely due to the company missing financial targets. While one estimate places the number at roughly 200, from what I have heard the number is closer to 90 – 100 people let go. I asked the company for commentary on the layoffs and associated reorganization. By […]
Douglas Belkin wrote an article yesterday in the Wall Street Journal based on a study from Moody’s Investors Service. The lede of the article is that “nearly half of the nation’s colleges and universities are no longer generating enough tuition revenue to keep pace with inflation”, which comes from Moody’s interest in institutional financial stability, […]