Capital One moves summer internships online in coronavirus response

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Capital One Financial has moved its summer internship program online as the majority of its associates continue to work remotely in response to the coronavirus outbreak.

Interns were notified of the change on March 30, and will still receive the pay and housing funds outlined in their original offer letters, according to a Capital One spokesperson. There are about 1,000 interns in the incoming class.

“This change allows us to continue to provide a rewarding and impactful learning experience for our interns while prioritizing the health and safety of the entire Capital One community,” the company said in an emailed statement.

Many of Capital One’s 52,000 employees have been working from home since March 12, and its cafes and some of its bank branches have closed to mitigate the spread of the coronavirus. Capital One, based in McLean, Va., is the first major U.S. bank to publicly announce changes to its summer internship program.

Bloomberg News