Ask HN: Are we witnessing the death of coding bootcamps?

There's been conversations on Twitter/X that bootcamps are running out of business and shutting down for various reasons some including the fact that people are realising a big chuck of them are not worth it anymore.

Gergely Orosz thinks and I quote

"Many bootcamps are (and will be) going out of business as we are entering a time when college grads with years of study, plus internships, are finding it hard to get entry-level dev jobs.

Bootcamps were thriving at a time when there was a shortage of even new CS grads. Pre-2022"

What are your thoughts on this and what's the better alternative for folks learning to code?