BOOTCAMP SHOCKWAVES: Galvanize is the latest bootcamp to get an unpleasant jolt. The Denver Post reports that the coding school operator plans to “cut 37 employees, or 11 percent of its workforce,” which will impact those at the company’s Denver headquarters.
It’s the latest in a string of dramatic downsizing for the bootcamp industry, following closure announcements by Dev Bootcamp and Iron Yard a week apart in July.
Founded in 2012, Galvanize offers classes in web development, data science and other technology skills across eight campuses around the country. The company has raised more than $85 million in venture capital, the last coming in a $45 million round just a year ago. Yet Jim Deters, who co-founded the company and served as its CEO, stepped down from the post last month.
According to The Denver Post, “the company is moving to a model of retraining employees of corporate clients who foot the bill.”
For more on the evolution—and contraction—of the bootcamp industry, check out our guide, The Future of Coding Bootcamps.
