More like using a calculator but not being able to explain how to do the calculation by hand. A probabilistic calculator which is sometimes wrong at that. The "lots of theory but no practice" has always been true for a majority of graduates in my experience.
Surely, new grads are light on experience (particularly relevant experience), but they should have student projects and whatnot that they should be able to explain, particularly for coding. Hardware projects are more rare simply because they cost money for parts and schools have limited budgets, but software has far fewer demands.
More like using a calculator but not being able to explain how to do the calculation by hand. A probabilistic calculator which is sometimes wrong at that. The "lots of theory but no practice" has always been true for a majority of graduates in my experience.
Surely, new grads are light on experience (particularly relevant experience), but they should have student projects and whatnot that they should be able to explain, particularly for coding. Hardware projects are more rare simply because they cost money for parts and schools have limited budgets, but software has far fewer demands.