<p>Ive seen companies retract intern offers and co-op offers. Although they cited economic reasons, would the company honestly have gone under because they kept a couple interns on the payroll? No. If you read the bottom of your letter of intent theres a 99% chance it says the offer can be revoked at anytime, with or without reason by either party. This is business, its cutthroat, and most companies wont flinch at the chance to save a penny or make a dollar even if it means saving a penny because your retirement is terminated after 30 years of service, or the penny made comes from a life insurance policy they took out on, you. Sure, youre not going to get another offer from that company but in my opinion and experience Id say the likelihood that it will ever come back to haunt you at another company is slim to none.</p>
<p>My cynical thoughts:
This is a game, and a cruel one at that. You can either learn how to play or live in denial hoping it doesnt happen to you. Corporations serve their purpose but if I were you Id avoid believing they have your best interest in mind. Use them wisely and plan your life accordingly, same goes for the government.</p>