Up to the very end, Jose Granados held out hope that he’d get a job at Meta Platforms Inc. A 32-year-old pursuing an MBA at Indiana University’s Kelley School of Business, he’d won a summer internship at the social media giant. Such 12-week stints are often steppingstones to full-time positions after graduation. Granados had heard “rumblings” among colleagues about financial uncertainty in the industry, but he kept his head down and kept working.
As his internship wound down in mid-August, his recruiter said the company would need until December to decide about a full-time offer, rather than the customary two or three weeks.