That is the kind of outcome I would expect from a bootcamp like that: it gives the impression whether the person has the interest and the aptitude for software engineering and then a long way to get good at it. The article does not get into details about the course which is mentioned and I do not want to make presumptions but if they advertise their course as an entry ticket into the IT job market - especially in the current circumstances - then to me it is a borderline malevolent type of business model.
I agree. Most of my cohort dropped out in the first week and only one or two of my classmates, out of the original 30, actually ended up with tech jobs.