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via Dev Bootcamp / Facebook

Dev Bootcamp, the original "coding bootcamp," is shutting down, the company announced on Wednesday. The company's last cohort of students, who begin the program next week, will graduate in December and receive job search help before the school permanently shuts down.

Why it matters: Early coding bootcamps like Dev Bootcamp launched a boom in alternative education for programing skills, with some of the school's own alumni going on to found their own successful programs, like App Academy. Ultimately, the coding bootcamp craze highlighted not only the need to rethink computer science and programming education in traditional colleges, but also the increasing demand for workers with these technical skills.

Not sustainable: Dev Bootcamp, which was acquired by education services company Kaplan in 2014, says it couldn't make its business model work. From its announcement on Facebook:

Since launching in 2012, we've been striving to find a viable business model that would enable us to further our vision of high-quality, immersive coding training that is broadly accessible to a diverse population, while also covering the critical day-to-day costs of running our campuses.

Headquartered in San Francisco, Dev Bootcamp eventually grew to six cities in total.

Go deeper

SEC debunks conspiracy theories about meme stock mania

Photo: Alessia Pierdomenico/Bloomberg via Getty Images

The SEC issued its long-awaited report on the meme stock mania, which downplayed the narrative that a "short squeeze" was the primary driver behind GameStop's historic stock moves — and shot down conspiracy theories about the event.

Why it matters: The postmortem was highly anticipated, largely because of what it could hint about what the regulator thinks should be done in wake of the saga. But the report stopped short of specific policy recommendations.

2 hours ago - Politics & Policy

Breaking Biden's diplomatic logjam

Expand chart
Data: Center for Presidential Transition via Congress.gov; Chart: Will Chase/Axios

The logjam for reviewing and confirming President Biden's ambassadorial picks is finally starting to break.

Why it matters: Biden is far behind his predecessors in the rate at which his ambassadorial picks have been confirmed. The Senate Foreign Relations Committee will hold a series of high-profile hearings and votes this week to finally begin chipping away at the backlog.

2 hours ago - Politics & Policy

Democrats brace for staredown over paid family medical leave

House Ways and Means Committee Chairman Richard Neal. Photo: Win McNamee/Getty Images

Senior House Democrats are braced for battle with the Senate over whether paid family medical leave — a key priority for progressives — will be included in President Biden’s final budget reconciliation bill, lawmakers and aides tell Axios.

Why it matters: Sen. Joe Manchin (D-W.Va.) has indicated he wants to cut the program to reduce the bill's price tag. “Paid family and medical leave must be in the final package,” Rep. Richard Neal (D-Mass.), chairman of the House Ways and Means Committee, told Axios on Monday.

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