What They Did
Launch Academy was a Boston-based coding bootcamp focused on web development training, helping career changers break into the tech industry.
How LLMs Killed Them
Job placement rates collapsed as AI reduced demand for entry-level developers. The bootcamp model relied on high placement rates to justify tuition costs, and when those rates cratered, the business became unviable.
Timeline
- May 2024: Suspended operations after job placement rates fell from 90% to below 60%.
By the Numbers
- Job placement rate fell from 90% to below 60%
- Suspended all operations
- The entire coding bootcamp sector is in crisis