Lambda School Layoffs
April 2020
Lambda School announced a layoff affecting 19 employees in April 2020. The company operates in the Education sector.
19
Apr 21, 2020
About
Lambda School, an online coding bootcamp, laid off 19 employees in April 2020 due to market uncertainty from the COVID-19 pandemic, which impacted hiring and the financial markets crucial to its income-share agreement model. The layoffs also stemmed from a strategic shift to prioritize quality and student experience over aggressive growth goals for the year. Additionally, the eight-member executive team, including CEO Austen Allred, took a 15% pay cut. The company, backed by Y Combinator and launched in 2017, faced prior controversies over its educational model and regulatory compliance. The exact proportion of staff affected was not disclosed, but the move reflects broader challenges in the edtech and startup sectors during the economic downturn.
Related Events
More Education Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl