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Lambda School, a coding bootcamp that takes a cut of your next tech salary, now takes a 30% cut in staff

Lambda School, a coding bootcamp that takes a cut of your next tech salary, now takes a 30% cut in staff
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Lambda School | An Update on the Lambda School Team

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. ....

Lambda School , All Hands , லாம்ப்டா பள்ளி , அனைத்தும் கைகள் ,

Lambda School lays off 65 employees amid restructuring

Nearly a year after its last layoff, online coding bootcamp Lambda School just announced more cuts amid a broader structuring. In a blog post, CEO and founder Austen Allred said that the startup, which raised a $74 million Series C in August, is laying off 65 employees. There is a Google form for companies to post job opportunities for new Lambda School alumni. ....

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Lambda School lays off 65 employees amid restructuring – TechCrunch

Lambda School lays off 65 employees amid restructuring
Nearly a year after its last layoff, online coding bootcamp Lambda School just announced more cuts amid a broader structuring. In a blog post, CEO and founder Austen Allred said that the startup, which raised a $74 million Series C in August, is laying off 65 employees.
The roles that were cut span senior product, engineering, design, community management, or instructional staff. There is a Google form for companies to post job opportunities for new Lambda School alumni.
“We have been working for years on making incentive-aligned education work,” Allred wrote in a tweet. “It’s harder than we initially thought; we’ve had to invent a lot from scratch simultaneously and we have to get a lot of things exactly right.” ....

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SCOTT GALLOWAY: What America Gets Right and Wrong About College

AP Photo/Seth Wenig, File
Scott Galloway is a bestselling author and professor of marketing at NYU Stern.
The following is a recent blog post, republished with permission, that originally ran on his blog, No Mercy / No Malice.
In it, Galloway says the elite educational institutes are still profiting while second-teir schools struggle.
Higher education is the most important industry in America. It s the vaccine against the inequities of capitalism, the lubricant of upward economic mobility, and the midwife of gene therapies and search engines. College graduates lead longer, healthier, and more prosperous lives. University research provides the raw material for corporate innovation. Our institutions call to our shores the best and the brightest from around the world, many of whom stay to make America a stronger nation, and form connective tissue with their home countries. ....

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