By Apr 29, 2021 About an hour ago we held a company All Hands where I announced that we are laying off 65 Lambda School employees as part of a restructuring. I started Lambda School to create jobs and opportunity, which made the decision to make these changes very difficult. We will be saying goodbye to many incredibly talented friends and colleagues, and today will be even more difficult for them. We're trying to do something that hasn't been done before – prove that an accessible, incentive-aligned education model can work sustainably for all students willing to put in the work. Lambda pioneered the income share agreement (ISA) in the career and technical education space, and we're now watching many of the schools who followed us abandon their ISA offerings because they believe it's impossible to make this model work.