August 3, 2001

Blackboard Lays Off 40 Workers

By VINCENT KIERNAN

Blackboard Inc., a business that makes course-management software used at many colleges, laid off 40 employees in July, in part to eliminate staff redundancies stemming from its acquisitions of other companies.

"If you double in size, it's not uncommon a couple of months later to tighten up," said Matthew S. Pittinsky, the company's chairman. Blackboard is seeking "intelligently managed growth," and the layoffs were part of that strategy, he said.

In November, Blackboard

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