Goldman Sachs is delaying and shortening its summer internship\, but will pay interns their full original offer

Goldman Sachs told its incoming summer interns on Tuesday that it will delay the start of its vaunted internship program to July 6 and shorten the program to five weeks due to the coronavirus.

"In light of the current environment... we have decided to revise the start date of your 2020 Summer Internship Program to the provisional date of July 6, 2020 and shorten the program duration to five weeks in total," Goldman said in the email.

"Please know that we intend to honor the full financial commitment of your original program duration," it told interns. "We will provide further information on how and when payment will be distributed."

Goldman Sachs also said that it is exploring alternative formats for the internship, including "virtual components."

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