By Ashley Corinne KilloughIt's that time of year -- when students tweak their resumes and mail applications by the dozens, all in hopes of landing that perfect summer internship. But with companies laying off employees by the thousands, paid internships often become the first victims of the cost-cutting axe. Dr. John Boyd, director of Career Services at Baylor University, said he hasn't seen internship markets this tough in a long time. "And I think we're going to see this trend continue throughout the year," Boyd said.

Professionals who are trying to land a job may want to pursue project work.