I guess it depends on the headlines you're reading. You'll only see it on HN if it's a tech company, and you're probably correct in saying that it was incredibl

I guess it depends on the headlines you're reading. You'll only see it on HN if it's a tech company, and you're probably correct in saying that it was incredibly uncommon over the last decade of incredible growth. But it's more common if you zoom out a bit and look at other industries that haven't been consistently booming. I went to university during an O&G downturn, and I had several friends who had accepted internship offers at oil companies which were cancelled at the last minute. There were even companies that suspended their co-op programs for students already working there. Students who had an 8 month internship arranged through the university were laid off in the middle of it and were left sitting on their hands since they weren't enrolled in any classes. But I probably couldn't find any news articles about it, since those same companies were also going through mass layoffs at the time and nobody really cared about some interns having a rough time.