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Marketplace Tech

The systemic barriers to landing a Big Tech internship (rerun)

Marketplace Tech

American Public Media

Technology, News

4.61.2K Ratings

🗓️ 6 July 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

This episode originally aired May 3, 2023.

While it’s never been easy to get one of the coveted spots at big-name Silicon Valley firms, this year there’s an added wrinkle: The tech industry is reeling from mass layoffs. Many human resources departments and recruiting budgets have been slashed, which could put up even more barriers for candidates from underrepresented groups, said Ruthe Farmer, founder and CEO of the Last Mile Education Fund, which helps low-income students get through college and get on track for a career in tech. That’s challenging even in the best of times, she told Marketplace’s Meghan McCarty Carino. The following is an edited transcript of their conversation.

Transcript

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0:00.0

Marketplace Morning reports new Skin in the Game series explores what we can learn about

0:04.6

money and careers from the $300 billion video game industry. Plus, here how an Oakland-based

0:11.0

program helps young people get the skills they need to break into this booming industry.

0:15.9

Listen to Skin in the Game and more from the Marketplace Morning report wherever you get your

0:20.7

podcasts. It might be getting even harder to nab an internship and tech. From American public media,

0:29.5

this is Marketplace Tech. I'm Megan McCarty-Korino.

0:41.9

While it's never been easy to get a coveted internship at a big name Silicon Valley firm,

0:48.4

this summer there's been an added wrinkle. The tech industry is still reeling from mass layoffs.

0:54.8

Many HR departments and recruiting budgets have been slashed, which might put up even more

1:01.0

barriers for candidates from underrepresented groups. That's according to Ruth Farmer,

1:06.4

the founder and CEO of The Last Mile Education Fund, which helps low-income students get through

1:12.5

college and get on track for a career in tech. Something she says is challenging even in the best

1:20.2

of times. Most companies recruiting processes have been designed for affluent students.

1:25.7

You fly over to Seattle and you stand a fancy hotel and you have all these interviews.

1:34.4

I have had students literally tell me that they went to go to an interview and they could not check

1:39.4

into their hotel because the hotel wanted to put a $400 hold on their debit card. Then they

1:44.4

have to call their recruiter and say, I can't check in with just this totally humiliating experience

1:50.1

right before you're going into an interview. If we realize that more than half of our talent pipeline

1:56.6

is coming from low-income backgrounds, that is a system that excludes them.

2:01.7

How is the slowdown in in tech affecting internship recruitment? I think one thing that I have

2:08.5

heard is that recruiting budgets have been cut and what that is going to mean is that the

2:15.8

recruiting teams of companies aren't going to have as much capacity to go beyond a handful of schools.

...

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