Leaked documents reveal rapidly declining placement rates at Lambda School.

A Business Insider report (behind a paywall) by Vincent Woo (@fulligin on Twitter) sheds some light on the actual placement rates of Lambda School. Woo got his hands on leaked documents from the company.

Previously, Woo had written in New York Magazine that, while Lambda School publicly advertised a placement rate of over 80% in 2019, their actual placement was closer to 50%.

This kind of behaviour from Lambda School is all too familiar to some of us at Class Central. A few months ago, we wrote about it in Lambda School Woes: Lawsuits, Fines, Layoffs, and Media Scrutiny. We also examined the dubious usage of ISAs in some coding bootcamps, including Lambda School.

After some time, I'm pleased to release an update on Lambda School. Leaked internal documents show that the school has been performing even worse than I had previously written.

Lambda has managed to place less than 30% of its *graduates* in 2020. 🧵🧵🧵https://t.co/6nVyy7ZRvH pic.twitter.com/FfMKZz3Wfz

— Vincent Woo (@fulligin) October 25, 2021

According to Woo, the documents he acquired also reveal that Lambda School was losing $7,250 per student on average and venture to say that, if they could enroll 2,000 students per month, Lambda School could be profitable even with a placement rate below 50%.

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