u/Shock-Broad wrote (the comment Michael replied to):
Interesting statistics. Honestly, taken on its face, it's far better than what I was expecting. Would be interested in statistics like "percentage of graduates with formal degree stem/nonstem degree with a job" and "percentage of graduates with no formal degree with a job." Get
u/michaelnovati replied · ★ FEATURED
The biggest reading between the lines problem - which they also directly confront but the consequences re less clear - is that in 2022 - like a good 60% of people got jobs in 180 days AND reported salaries to Codesmith, whereas in 2023 - it's like 25% of people who got jobs in 180 days AND reported salaries.
So like imagine having a room full of 800 people and in 2022 you look around and people more likely than not had a job and was still in contact with everyone. In 2023 that number is like tanked.
So one level past the raw placement number is this concerning sign of disengagement, mass staff turnover, etc...
I think Codesmith is trying to navigate that and we'll see where they end up but I do think they need (and are) making a lot of changes and these 2023 results are not an affirmation that everything is working and it's JUST the market.