US graduates face cut-throat job market as companies scrap internships - Taylor Nicole Rogers, Financial Times

Goldman Sachs hired 200 fewer summer analysts this year than in 2023. JPMorgan reduced the size of its own class of summer analysts by 600, more than ten per cent of the total. Tesla rescinded its internship offers just weeks before students were due to start. As US employers attempt to cut costs and increase efficiency, in anticipation of an economic slowdown, internships have been axed. 

https://www.ft.com/content/b3684ec2-53ba-4fc3-9f21-c7454c310d3b