u/Miserable_Yam_3405 wrote (the comment Michael replied to):
Isn't this pretty bad? I thought codesmith grads were usually getting offers right out of the program?
u/michaelnovati replied · ★ FEATURED
It's a crazy tough job market right now and you can't invent jobs that don't exist.
Even with an optimized Codesmith resume, you are competing with multi-year ex-FAANG engineers and it's not enough anymore.
My team is working around the clock to figure out ways to get early career people opportunities and we've really had to be creative: house-built job hunting tool, sourcing jobs for people, having FAANG recruiters as mentors, direct referrals, resumes books, even a partnership with Netflix, and people are still getting frustrated with the job hunt and not getting many interviews. So I can only imagine what it's like being a bootcamp grad in this market where you are mostly job hunting on your own.
I'm fairly connected in the industry and 8 out of 36 in 4 months isn't bad, It will hopefully end up being 40% or so. We won't see the impact on CIRR until results come out in Sept 2023 though.
I think we're going to see a few bootcamps shut down this year, and we're going to see changes to cost. The best bootcamps are going to move from the ones with the highest salaries, to the ones with the best hiring partnerships just to get people good jobs.