My spouse knows a recent grad who took this path through an undergraduate program at the University of Maine (https://www.uma.edu/academics/programs/cybersecurity/cyberse...). As you said, he was unhirable in this field and now works in a completely unrelated job in a hospital.
Universities, local governments, local legislatures, the federal government, and whatever industry lobbying orgs that pushed for this are at fault. The apocalyptic narrative warning of a dire skills shortage are still being pushed out by industry:
Cybersecurity workforce shortage reaches 4 million despite significant recruitment drive (2023) https://www.csoonline.com/article/657598/cybersecurity-workf...
It's led to an expensive, unforgivable mess for a lot of young people and their families.