Unfortunately, there are people in podiatry who should not be admitted there in the first place. This is why you have these massive fail outs, because they admit people with a pulse. It is not totally their fault, it is because their pool of applicants have such low stats to begin with. Unless you have a MCAT of 22+, you should not be attending pod school (don't care if their boards are actually easier than the USMLE or COMLEX, I would still say the same).
Now their residency placement rate seems to hover around 90%, which is still better than all caribbean schools. Yes, jobs are not abundant, but if you are not picky about where you live you will find one (as mentioned by those on the pod forum).