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New grads are now competing with a bunch of laid off engineers with experience for open roles. I would imagine it would be much harder now to find a role than before, and Lambda doesn’t get paid since it runs off the ISA model.

If Lambda tries to sell their ISAs, which they admit they sometimes do, the buyer is going to request a much steeper discount now than before if they are willing to buy the loans at all.

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I remember interviewing candidates in 2008. Experience can be bad, experience can be irrelevant and employers can tell the difference between interest and desperation. I talked to more than one ex-Director/VP/CXO for entry level help desk roles. Some experienced candidates will do well but a non-trivial number of them will find themselves unemployed now and unemployed later.

I suspect there will still be more developer jobs than developers. While it would be harder it shouldn't be impossible.

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