1) Yes, most likely. Interns are usually a great investment. Intern class sizes may be scaled down from previous years though. I can see very cash strapped comp

1) Yes, most likely. Interns are usually a great investment. Intern class sizes may be scaled down from previous years though. I can see very cash strapped companies cancelling their intern program altogether, but this seems rare. Interns dont cost a lot and are almost always a better hire than an external entry level applicant. 2) Maybe. My guess is external new grad offers (i.e offers extended to people that were not previously interns at the company) will become much harder to get/if not impossible. There were already a few companies that almost exclusively hired out of their intern class even before tech was hit hard by the economy. Intern return offer rates might be lower as well, but if the overall class size decreases, my guess is the % of offers extended won't go down as much.