--- title: 🧑‍🎓 Got interns? description: This summer, they're hard to find. --- [The Talivity Weekly](https://weekly.talivity.com) # [🧑‍🎓 Got interns?](https://weekly.talivity.com/p/got-interns) Written by [Admin](https://weekly.talivity.com/author/admin) | Jun 20, 2024, 11:59:00 AM   👋 **Welcome back!** In a chat this week with **Business** **Insider**, **Tripadvisor** co-founder **Steve** **Kaufer** [shared some secrets](https://www.businessinsider.com/former-tripadvisor-ceo-red-flag-answers-hiring-interview-questions-2024-6?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)about how he’s hired top talent over the years. His go-to question? "What's the hardest project you've ever worked on?" Kaufer explained that he listens for any tendencies to blame others (a major 🚨) or an ability to empathize with coworkers (a big ✅). Bottom line: If they blamed others for failures before, they’ll do it again. Beware of candidates playing the blame game! Questions? Comments? Feedback? Please [reach out](mailto:drew@recruitmentmarketing.com), we’d love to hear from you. **— Team** **[RecruitmentMarketing.com](https://RecruitmentMarketing.com?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)**✨   ***Today’s edition is a 3-minute read. Here’s what to expect*****👇** 🗞️ *Competition is fierce for summer internships* 🌎️ *Amazon fined for warehouse violation* 💰️ *Bullhorn makes acquisition* 💻 *TA roles at Handshake, Lyft* 💼 *Layoffs at Chegg, Loop* *Did someone forward you this email?* *[Subscribe here](https://weekly.talivity.com/subscribe)*📥️   **NEWS** ## **One Thing You Should Know This Week** Bloomberg: Internships Are Drying Up, Especially in Tech and Finance This week, **Bloomberg** analyzed [new data](https://www.bloomberg.com/news/articles/2024-06-13/looking-for-an-internship-fewer-spots-for-more-applicants-in-cutthroat-year?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) on summer employment opportunities from career site **Handshake**, painting an unusually competitive landscape for interns this year. **The big takeaway.** According to Handshake, the competition for internships is heating up this year, with more prospective interns vying for fewer positions. Bloomberg revealed that internships listed on Handshake dropped by over 7% from last June through May, compared to the same period last year. This decrease in listings has led to a significant spike in competition, with the average number of applications per internship soaring to 93, up from 53 the previous year. **Why it matters.** The tougher road for internship seekers could reflect the wider market move to temper entry-level hiring. That’s especially true in fields like finance, consulting and tech, which have cooled dramatically amid industry-wide layoffs. And for the interns, the stakes are high: Recent [research](https://stradaeducation.org/wp-content/uploads/2024/02/Talent-Disrupted.pdf?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) by the **Burning Glass Institute** and the **Strada Education Foundation** shows that students who don't complete an internship during their studies face a significantly higher risk of long-term underemployment. **Not surprised by the competition?** We’re not either. We’ve been seeing this play out for some time now.Last month, **Tesla** made the unusual move of [rescinding summer internship](https://www.businessinsider.com/tesla-revokes-internships-weeks-before-start-date-students-say-2024-5?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) offers as CEO **Elon** **Musk** pushed to cut headcount at the company, leaving students in the lurch weeks before the program was set to start. And a few weeks ago, the junior coding bootcamp internship program **Launch** **Academy** said it would completely [pause enrollment](https://www.fastcompany.com/91131169/junior-tech-workers-cant-find-jobs-coding-bootcamp-launch-academy-pauses?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=skills-are-in) after a “lack of concrete opportunities” for program graduates. **Remember …** … entry-level hiring right now is slow. While overall U.S. unemployment is low, landing an entry-level job in finance, tech, and consulting is[tough for college graduates](https://www.nytimes.com/2024/05/08/opinion/college-graduates-job-market.html?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) right now. Why? After several months of layoffs at big-name companies, fewer people are quitting, making these sectors uber-competitive, according to Bloomberg. This has trickled down to hurt young professionals: **Glassdoor** recently said that [confidence among entry-level workers](https://www.hrdive.com/news/employee-confidence-rebounds-but-remains-near-record-lows-glassdoor/712137/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) is at its lowest point since 2016. **Why axe the interns?** Well, we know execs are focused on efficiency and cost-cutting—and internship programs are not necessarily ever the most efficient programs out there. "Internship programs are expensive,” **Julia Pollak**, chief economist at job site **ZipRecruiter**, said to Bloomberg. “You have to use part of your HR team to oversee these interns and make their lives great." Pollak said ZipRecruiter saw a 14% drop in internship listings in the first quarter compared to the same period last year. "You have to pay them and not necessarily get great quality work out of them." **Read more in** [**Bloomberg**](https://www.bloomberg.com/news/articles/2024-06-13/looking-for-an-internship-fewer-spots-for-more-applicants-in-cutthroat-year?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)📥️   **NUMBERS** ## **Numbers That’ll Make You Think** - **33%** — The percentage reduction in attrition due to a hybrid work policy, according to a new study at **Stanford** ([Fortune](https://fortune.com/2024/06/18/stanford-nick-bloom-hybrid-work-cuts-attrition-no-negative-impact-promoted?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - **$48 billion** — The compensation amount awarded to **Tesla** CEO **Elon Musk** following a shareholder vote to uphold a once-nullified pay package from 2018 ([NYT](https://www.nytimes.com/interactive/2024/06/14/business/tesla-shareholder-vote-results.html?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - **12.6%** — The job-finding rate for entry-level job-seekers who were unemployed in the prior month, versus a 29.1% job-finding rate for experienced workers ([The Washington Post](https://www.washingtonpost.com/business/2024/06/16/jobs-outlook-college-grads-2024/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - **2.9%** — The percentage increase in U.S. staffing hours in the week following Memorial Day weekend, significantly stronger than the post-holiday increase during the same period in 2023 ([SIA](https://www2.staffingindustry.com/Editorial/Daily-News/Staffing-hours-see-stronger-post-holiday-lift-SIA-Bullhorn-Staffing-Indicator-69696?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - **$6 million** — The monetary fine **Amazon** will pay after a California labor regulator said on Tuesday the company violated a warehouse safety law that took effect in 2022 ([NYT](https://www.nytimes.com/2024/06/18/business/economy/amazon-california-productivity-quota.html?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - **½** — The fraction of **Dell** employees said to have rejected the firm’s return to office mandate after being told they would no longer be eligible for promotion if they did not comply with the hybrid-work policy ([Business Insider](https://www.businessinsider.com/us-dell-workers-reject-return-to-office-hybrid-work-2024-6?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns))     **INDUSTRY INTEL** ## **M&A Deals, Industry Moves, & Other Things To Know** - Talent consulting firm **Heidrick & Struggles** announced its CFO **Mark** **Harris** will leave the company in August to join public relations firm **FGS Global** as CFO ([SIA](https://www2.staffingindustry.com/Editorial/Daily-News/Heidrick-CFO-leaving-to-join-PR-firm-69697?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - San Francisco said it will sue staffing firm **WorkWhile**, alleging violations related to worker classification and labor laws ([SIA](https://www2.staffingindustry.com/Editorial/Daily-News/San-Francisco-sues-staffing-firm-WorkWhile-69682?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Recruitment software firm **Bullhorn** acquired **Textkernel**, a company specializing in artificial intelligence and machine learning solutions for the HR and staffing industry ([HR Tech Feed](https://hrtechfeed.com/bullhorn-acquires-textkernel/?utm_source=rss&utm_medium=rss&utm_campaign=bullhorn-acquires-textkernel))  - Workers at e-commerce giant **Amazon** in Staten Island voted to unionize with the **Teamsters**, marking a significant development in labor relations for the company ([NYT](https://www.nytimes.com/2024/06/18/business/economy/amazon-labor-union-teamsters.html?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Recruitment tech company **Talroo** ([learn more](https://www.recruitmentmarketing.com/solutions/talroo?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) has introduced a tool designed to give potential candidates insight into commuting by providing real-time traffic data ([RecruitmentMarketing.com](https://RecruitmentMarketing.com?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Candidate experience platform **candidate.fyi** announced that **iCIMS** founder **Colin** **Day** has joined the company as an advisor ([HR Tech Feed](https://hrtechfeed.com/candidate-fyi-welcomes-colin-day-founder-of-icims-as-new-advisor?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns))   **A MESSAGE FROM THE MUSE** Layoffs, downsizing, restructuring, RIFs, redundancy—no matter what you call it, it's the toughest part of your job. Introducing **Coach Connect** by **The** **Muse**, offering outplacement services to support your departing employees through their career transitions. Become your employees’ forever champion, and they'll become your greatest advocates. 👉️ **[Learn how it works](http://hire.themuse.com/coach-connect-b2b?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)**    **OPEN ROLES** ## **Jobs You Might Want (For Yourself!)** - Insurance company **Jerry** is hiring a [Senior Recruiter](https://www.linkedin.com/jobs/view/3947551714?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based remote, with headquarters in New York, NY - HR tech platform **Handshake** is hiring a [Director, HR Business Partner](https://www.linkedin.com/jobs/view/director-hr-business-partner-at-handshake-3945817023?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based in San Francisco, CA - Ticket company **Gametime** is hiring a [Chief People Officer](https://www.linkedin.com/jobs/view/3932601431?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based remote, with headquarters in San Francisco, CA - Aviation company **NetJets** is hiring a [Senior Aviation Recruiter](https://www.linkedin.com/jobs/view/recruiter-senior-njus-at-netjets-3949737862?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based in Columbus, OH - Audio company **Bose** is hiring a [University Recruiter](https://www.linkedin.com/jobs/view/university-recruiter-at-bose-corporation-3948446713?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based in Atlanta, GA - Ride-sharing company **Lyft** is hiring a [Recruiter](https://www.linkedin.com/jobs/view/3943871795?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based in Nashville, TN - Writing assistant tool **Grammarly** is hiring a [Senior People Business Partner](https://www.linkedin.com/jobs/view/3841185049?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based in San Francisco, CA - Running app **Strava** is hiring a [Senior People Business Partner](https://www.linkedin.com/jobs/view/3928395921?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) based in San Francisco, CA *For more of these roles delivered to your inbox every Monday, subscribe to the* ***RecruitmentMarketing.com Weekly Jobs*** *newsletter by clicking* [*here*](https://magic.beehiiv.com/v1/7a76e29f-4a10-46fc-8f64-ecbe8adb5107?email=)*. For a full list of open roles, head over to our* ***TAlent Job Board*** *by clicking* [*here*](https://info.recruitmentmarketing.com/jobs?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)*. If you’re publicly seeking a job, get highlighted during our* ***#TalentTuesday*** *by filling out your profile* [*here*](https://forms.gle/h5oqXQmeDbHQywL18?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)*.*   **LAYOFFS** ## **Places For You To Source Fresh Talent** - Crypto company **Paxos** announced it will lay off about 20% of its workforce, amounting to 65 employees ([Bloomberg](https://www.bloomberg.com/news/articles/2024-06-12/stablecoin-issuer-paxos-cuts-20-of-workforce?embedded-checkout=true&utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Aerospace imaging company **Satellogic** said it will lay off about 70% of its staff, roughly 70 people, after experiencing delays in the development of new products ([SpaceNews](https://spacenews.com/satellogic-announces-new-round-of-layoffs/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Carbon capture startup **Running Tide** will cease operations due to a lack of market demand ([Data Center Dynamics](https://www.datacenterdynamics.com/en/news/carbon-capture-company-running-tide-shuts-down-blames-lack-of-market-demand/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns#:~:text=Ocean%20carbon%20removal%20company%20Running,no%20longer%20stay%20in%20business)) - Subscription vitamin company **Care/of** will be shutting down following a lack of funding and subscribers ([TechCrunch](https://techcrunch.com/2024/06/15/subscription-vitamin-company-care-of-is-shutting-down/?guccounter=1&utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Online learning platform **Chegg** said it will reduce approximately 23% of its workforce to increase company efficiency ([BusinessWire](https://www.businesswire.com/news/home/20240617323391/en/Chegg-Announces-Restructuring-Plan-and-New-Vision-for-Growth?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Car insurance startup **Loop** will lay off about 23 employees, after recently letting go of 30 workers, after failing to raise sufficient capital ([Coverager](https://www.coverager.com/loop-goes-through-another-round-of-layoffs/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns)) - Fintech company **C2FO** announced it will lay off about 20 employees to focus on more automation services ([The Business Journal](https://www.bizjournals.com/kansascity/news/2024/06/18/c2fo-layoffs-supplier-relations-managers.html?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns))   ## 👋 **Thanks for reading!** [Explore the RecruitmentMarketing.com Marketplace](https://www.recruitmentmarketing.com/marketplace?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=got-interns) [View full post](https://weekly.talivity.com/p/got-interns) ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Admin" }, "dateModified" : "2024-09-12T13:35:51.557Z", "datePublished" : "2024-06-20T11:59:00Z", "headline" : "🧑‍🎓 Got interns?", "image" : { "@type" : "ImageObject", "height" : 370, "url" : "https://40821844.fs1.hubspotusercontent-na1.net/hubfs/40821844/Imported_Blog_Media/Untitled_design.png", "width" : 770 }, "mainEntityOfPage" : "https://weekly.talivity.com/p/got-interns", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "height" : 60, "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png", "width" : 60 }, "name" : "The Talivity Weekly" } } ```