BEIJING—Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews.
But last month, the company told the students their contract offers were cancelled due to COVID-19 headwinds and the bad state of the economy in genera—obstacles facing a record 10.8 million Chinese university graduates this summer.
“I’m worried,” said Bai, who graduated this month and did not want to name the firm to stay on good terms. “If I can’t find a job, I’m not sure what I’ll do.”…