Sad, but not unexpected. I went through a year-long internship program as part of my CS degree, during the period in late 2000 and 2001 when the bubble burst.

Sad, but not unexpected. I went through a year-long internship program as part of my CS degree, during the period in late 2000 and 2001 when the bubble burst. Nortel sucked in more people from my class than any other employer. Since they had to agree not to lay off students, interns were often the only ones to survive the early layoffs. There were people who watched their entire department fired several times over. It made for some interesting stories, but not a lot of people who wanted to return after graduation.