Yeah, this is the reality. I'm not going to name the tool but I went to a training session for one of these things recently and it pretty quickly devolved into programming: looping, branching, conditionals, etc. Except rather than raw text this was rendered as (basically) a set of bubbles containing icons and text, and with arrows between them. It was even vertically oriented the way code is.
I actually pointed out in the training that this is still coding - at least at a scripting level - with all the pitfalls that involves. Nobody there really understood, and some actively tried to deny this point of view (I thought that was a bit weird and culty, but there you go).
One problem is that if you, as J Random HR Employee, implement something with a bug in it (which you will do at some point), you may not be well equipped to diagnose and fix the issue. It's not that hard, not at this level, but the training sort of glossed over that.
And then I asked a question about the fact that all these services that were being integrated together were distributed, so what happens when something fails part way through a flow? What happens with consistency across the different systems you're integrating? Well... it depends on the adapter for each specific integration, but in most cases you're supposed to implement failure handling yourself.
In fairness they showed us an example with failure handling and enforcement of consistency for something that integrated perhaps half a dozen systems together... and it looked pretty complex, just as you'd expect it to.
And that's where I think these things fall down. You can build a happy path flow pretty quickly - in fact I suspect a lot of non-programmers could do that - but it's what happens when things go wrong where it gets really gnarly.
Basically, if something goes wrong either IT or DevOps are getting a call, or somebody in a business, HR, or finance function is manually logging into a bunch of systems to update them and bring them into a consistent state.
I don't think this is terrible necessarily, but I do think the capabilities of these low/no code solutions - particularly with respect to their use by non-techies - are way oversold.