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These boot camps are just this decades iteration of the "tech/programming schools" of the 2000s. In the 2000s, tons of programming schools were created to expl
by eighthnate 9y ago
These boot camps are just this decades iteration of the "tech/programming schools" of the 2000s.
In the 2000s, tons of programming schools were created to exploit the lax student loan programs. They would bring in countless people and charge then $10K or $20K or even more to teach "programming" that you could realistically learn on your own. But it was so easy for people to get student loans and it was so easy for these schools to get people low-end programming jobs, that they made a killing off of it.
After the financial crisis and the crackdown on ineffective "programming/tech" schools ( especially their student loan programs ), these guys rebranded and remarketed themselves into "boot camps" which take a portion of your future wages.
When times are good, pretty much anyone who can type of a keyboard can get a job, but when a recession comes, these "boot camps" graduates are the first to be let go.
So my guess is that these boot camps expect a recession soon and are cashing out. Maybe they are the canary in the coal mine. Maybe the tech bubble is going to pop soon. Given how much they charge (10 to 15%) of the wages for the first few years of their graduates, I doubt they would leave so much money on the table unless they feel a shift in the economy or hiring is coming in the near future.