PurposeLinkages between downsizing, job insecurity, and negative employee outcomes have been established, but little is known about the impact they have on interns who observe them. This article aims to examine the relationship between interns' exposure to downsizing and job insecurity and their ongoing workplace perceptions and expectations.Design/methodology/approachTwo studies analyze the negative workplace experiences that influence interns' vocational socialization and pre‐employment schemata. Study 1 surveyed 96 students interning in the United States and Australia, and Study 2 surveyed 100 interns in the United States. Linear regressions were used to test hypotheses.FindingsStudy 1 reveals that interns at organizations with low employee morale, previous downsizing, and job insecurity are pessimistic about the organization in which they interned and the typical organizational culture. Study 2 indicates that interns exposed to job insecurity expect less trust and support in future employment relationships.Research limitations/implicationsData were collected using self‐report surveys, and may also reflect a uniquely American perspective. Future research should be conducted in additional locations, utilizing a longitudinal approach and various data collection methods.Originality/valueThese studies provide insight into the influence negative internship experiences may have on interns' future workplace and job expectations.