This was just the craziest rug pull...

I'm a moderator of the Coding Bootcamp sub and things have gone very sour there too. Supply and demand. When demand for engineers exceeded supply, no other source of supply could respond faster than bootcamps. During COVID, they produced coders in 12 weeks while Stanford took 4 years. But bootcamp grads were always at the bottom of the barrel. They took longer to ramp up and even if their raw smarts were higher than someone else, the lack of experience set them behind and it would take years to catch up. Many bootcamp grads eventually found their place and many others jumped job to job and had a very very hard time. Many bootcamps shut down or scaled back and It's immoral to me that some remaining are marketing the success cases trying to convince you that now is still the time to do it. Codesmith is one of the top bootcamps that exemplifies the rise and fall. It's now down to a tiny number of staff, all of their directors have left, and they are pumping out "zero to senior" marketing and "don't listen to people, now is the time" etc... It's incredibly sad and embarrassing to see what it's become.

I mean it's even worse because there is almost no regulation. The difference though is that many bootcamps are small and independently run whereas for profit colleges require tremendous capital to get going and are more likely owned by for-profit private equity or public companies. Not necessarily good or bad but just different pressures and issues.