A report reveals Los Angeles Unified School District contract commitments. Hundreds of millions went to private equity or venture capital-backed companies. This happened while LAUSD projected a deficit and issued layoff notices. Over 86% of new digital instruction contracts were with these private firms. The spending raises concerns about public education funds diverting to private investors.
Los Angeles, California
https://pestakeholder.org/news/as-layoffs-loom-86-of-lausd-digital-instruction-contracts-committed-to-private-equity-venture-capital-backed-companies/