Yelp cancels internship program due to Covid-19 outbreak

#1

Post by gtmtg » Thu, Mar 19, 2020, 2:16 AM UTC

Yelp cancels internship program due to Covid-19 outbreak
techcrunch.com

Re: Yelp cancels internship program due to Covid-19 outbreak

#2

Post by throwqwerty » Thu, Mar 19, 2020, 2:53 AM UTC

this thing is causing me a lot of anxiety lately. i finally landed a FB summer internship in menlo park and now i can't tell if it'll actually happen. recruiter is saying everything is still on track but i'm sure there's no way they can predict whether that'll change soon.

i know google is doing virtual onboarding and wfh for incoming interns according to the whether the team that hosts is still game. does anyone have any idea about FB?

Re: Yelp cancels internship program due to Covid-19 outbreak

#3

Post by runawaybottle » Thu, Mar 19, 2020, 3:04 AM UTC

throwqwerty wrote: post #2

this thing is causing me a lot of anxiety lately. i finally landed a FB summer internship in menlo park and now i can't tell if it'll actually happen. recruiter is saying everything is still on track but i'm sure there's no way they can predict whether that'll change soon. i know google is doing virtual onboarding and wfh for incoming interns according to the whether the team that hosts is still game. does anyone hav…

Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (trading around 50 cents today) sound like the first to be hit.

Re: Yelp cancels internship program due to Covid-19 outbreak

#4

Post by throwqwerty » Thu, Mar 19, 2020, 3:08 AM UTC

runawaybottle wrote: post #3

throwqwerty wrote: post #2

this thing is causing me a lot of anxiety lately. i finally landed a FB summer internship in menlo park and now i can't tell if it'll actually happen. recruiter is saying everything is still on track but i'm sure there's no way they can predict whether that'll change soon. i know google is doing virtual onboarding and wfh for incoming interns according to the whether the team that hosts is still game. does anyone hav…

Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (trading around 50 cents today) sound like the first to be hit.

i'm sure FB isn't going to fail but i am wondering if it logistically won't be possible. i mean menlo park is under shelter-in-place and if you asked me a couple of weeks ago i would not have imagined an intern class could be productive on WFH.

Re: Yelp cancels internship program due to Covid-19 outbreak

#5

Post by runawaybottle » Thu, Mar 19, 2020, 3:13 AM UTC

throwqwerty wrote: post #4

runawaybottle wrote: post #3

Earlier quoted context omitted.

Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (trading around 50 cents today) sound like the first to be hit.

i'm sure FB isn't going to fail but i am wondering if it logistically won't be possible. i mean menlo park is under shelter-in-place and if you asked me a couple of weeks ago i would not have imagined an intern class could be productive on WFH.

Stay positive, Menlo Park in general isn’t the most social happening place on earth (the irony of the largest social network being headquartered there). Any spread there would happen at the actual Facebook offices. It’s not a hotbed and should be fine by summer.

Re: Yelp cancels internship program due to Covid-19 outbreak

#6

Post by bobthepanda » Thu, Mar 19, 2020, 3:23 AM UTC

runawaybottle wrote: post #3

throwqwerty wrote: post #2

this thing is causing me a lot of anxiety lately. i finally landed a FB summer internship in menlo park and now i can't tell if it'll actually happen. recruiter is saying everything is still on track but i'm sure there's no way they can predict whether that'll change soon. i know google is doing virtual onboarding and wfh for incoming interns according to the whether the team that hosts is still game. does anyone hav…

Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (trading around 50 cents today) sound like the first to be hit.

Given the immense pressure on the cashflows of small business and real estate, I'd say WeWork might also be subsceptible.

Re: Yelp cancels internship program due to Covid-19 outbreak

#7

Post by runawaybottle » Thu, Mar 19, 2020, 3:26 AM UTC

bobthepanda wrote: post #6

runawaybottle wrote: post #3

Earlier quoted context omitted.

Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (trading around 50 cents today) sound like the first to be hit.

Given the immense pressure on the cashflows of small business and real estate, I'd say WeWork might also be subsceptible.

I’ll also add that Yelp in particular uses their interns to staff their cold-calling marketing/sales team to sell premium services to restaurants. This program seems like a loss for the most of this year.

Re: Yelp cancels internship program due to Covid-19 outbreak

#8

Post by froindt » Thu, Mar 19, 2020, 3:32 AM UTC

This is terrible timing for the class of 2020 and 2021. Classes are online or canceled, many are paying rent on apartments they aren't living in (staying with parents after spring break), losing income from their university town/campus jobs since campuses are shutdown, and many companies are on hiring freezes while things shake out.

I know internships were the difference between me taking out loans and graduating debt free. I also converted my last internship into a full-time offer. I feel for anyone directly affected by this.

I wonder if 5 years from now we'll see the classes of '20 and '21 significantly hindered in their workforce progression and pay as was seen of the 2008 era?

Re: Yelp cancels internship program due to Covid-19 outbreak

#9

Post by dilyevsky » Thu, Mar 19, 2020, 3:33 AM UTC

throwqwerty wrote: post #4

runawaybottle wrote: post #3

Earlier quoted context omitted.

Yelp is very much tied to the Restaurant industry. It may be an outlier with respect to this pandemic. Of all the tech dominos to fall, Yelp and Groupon (trading around 50 cents today) sound like the first to be hit.

i'm sure FB isn't going to fail but i am wondering if it logistically won't be possible. i mean menlo park is under shelter-in-place and if you asked me a couple of weeks ago i would not have imagined an intern class could be productive on WFH.

Shelter in place is until april 7. They can maybe extend it a little longer but not by much because otherwise half of people end up being exempt due to homelessness

Re: Yelp cancels internship program due to Covid-19 outbreak

#10

Post by lopmotr » Thu, Mar 19, 2020, 3:38 AM UTC

froindt wrote: post #8

This is terrible timing for the class of 2020 and 2021. Classes are online or canceled, many are paying rent on apartments they aren't living in (staying with parents after spring break), losing income from their university town/campus jobs since campuses are shutdown, and many companies are on hiring freezes while things shake out. I know internships were the difference between me taking out loans and graduating deb…

But isn't Yelp that company that extorts businesses into buying their advertising and punishes them with bad reviews if they don't? Any student would might have contributed to that racket deserves to miss out.