u/michaelnovati replied ·
I think the primary letter is a better source for this news: https://adadevelopersacademy.org/2023/05/24/organization-update/
It's really sad because they did such a great job making such great partnerships with companies that resulted in their students getting real, multi-month internships, with good companies before graduating. Unfortunately a lot of those companies aren't hiring full time and don't have headcount and the 'wheels kind of fall of the bus' so to speak.
The program was free because companies paid for placements and donated to Ada, etc... and if the companies can't hire anybody and won't take on internships, the program doesn't sustain itself in the current form.
There is some info here on their expansion plans: [https://adadevelopersacademy.org/grow-with-us/](https://adadevelopersacademy.org/grow-with-us/) and you can see how much growth in funding they needed to sustain that, and I would expect those plans to slow down significantly.