- Goldman Sachs said on Tuesday in an email to its incoming summer interns that it will shorten its vaunted internship program to five weeks.
- Interns will still be paid fully for the original program length, Goldman said.
- The announcement was sent to incoming interns globally, excluding India.
- Visit Business Insider’s homepage for more stories.
Goldman Sachs told its incoming summer interns on Tuesday that it will delay the start of its vaunted internship program to July 6 and shorten the program to five weeks due to the coronavirus.
Interns will still be paid for the full length of the originally intended length of the program, Goldman said in an email sent to incoming interns around the world excluding India.
“In light of the current environment… we have decided to revise the start date of your 2020 Summer Internship Program to the provisional date of July 6, 2020 and shorten the program duration to five weeks in total,” Goldman said in the email.
“Please know that we intend to honor the full financial commitment of your original program duration,” it told interns. “We will provide further information on how and when payment will be distributed.”
Goldman Sachs also said that it is exploring alternative formats for the internship, including “virtual components.”
Citigroup is similarly planning to delay its start to July 6, but pay interns for the full summer, the Financial Times reported.
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