u/michaelnovati replied · · edited ★ FEATURED
Bootcamps had 3 eras:
2015 to 2020: a lot of success stories, bootcamps had high bars and only let in people who had a high chance of success. They worked on at a small scale
2020 to 2023: COVID - bootcamps and remote work exploded and the successful bootcamps scaled over night and completely failed. Lambda School was the canary here - it showed us bootcamps can't scale by just multiplying their staff but schools did anyways. Instead of reflecting and strengthening during these boom times they just scaled and failed.
2023-Present: market cooled bootcamps reputations destroyed, no one is hiring bootcamp grads, no one is falling for it.
I follow Codesmith closely and look at the California official placement rates for six months post graduation: 2021 - 90%, 2022 - 70%, 2023 - 42%.... and they raised prices this year anyways despite knowing these numbers before doing so.