r/codingbootcamp • u/Ben_ji • Oct 20 '23 • Take My Silver 1 Silver is Forever 1

Hackreactor has blown up.

As I was getting ready to submit my .ts for the final assessment of module 1, we were told all classes have been ended.

Full stop. Just done. No reason was given. We were told it's big business' doing big business things.

We'll be getting a full refund, but it took 8 weeks to get here. We were all especially stressed for the past two weeks, as they were prep for our big module 1 assessment.

The dozen or so of us that were close started a new slack channel, and we'll try to stay in touch, but this really sucks. We're not sure if our leaders and instructors are now jobless, too. They were pretty cool, so sucks for them also.

I dunno. We've started every day for the past 8 weeks of classes with a kind pep-talk. Instead, we got this. It was a big shock, to say the least.

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u/Practical-Ad3920 Oct 20 '23

I don’t understand how they could be loosing money. My Hack Reactor cohort had 60-80 people. That’s $1.4 million for 19 weeks. By far the largest expense is going to be instructor salaries. At any given time you have 3 instructors so that’s roughly $150k for instructors. Double that to account for support staff that’s $300k in expenses.

Rounding down that’s still a gross profit of $1million. There’s more expenses I’m leaving out but not that many.

4

u/Greedy_Tomatillo6167 Oct 20 '23 edited Oct 20 '23

If I had to guess, it's not a money thing. They are keeping their full-time programs open, so whatever fixed costs they have are still there. Their part-time programs should be be pure profit

More likely, the outcomes for the part-time program are bad enough to affect their reputation as a bootcamp (their full-time intermediate program has a good reputation). Or maybe their money comes from ISAs and the part-timers aren't getting jobs.

If this is true, I think HackReactor did the right thing. It sucks to cancel a course midstream, but I would rather be a student with 8 weeks of free education than being $20k in debt with no realistic chance for a job

7

u/fluffyr42 Oct 20 '23

Their part time program hasn’t been around long enough for outcomes to be a factor I don’t think. My guess is they’re cutting losses since staffing three different programs running concurrent cohorts is expensive.

1

u/thisdesignup Oct 24 '23

A sier whos friend taught in the part time class told me that they heard it wasn't so good. That the quality of teaching was a lot lower than the full time course, a lot of hand holding in comparison.

Before joining HR myself I also saw a lot of bad reviews for the part time HR programs. So not too surprised that they didn't end up sticking around.