Merrill 2008 hiring freeze memo

Merrill Lynch & Co., Inc.Image via Wikipedia Well I definitely called it wrong for this year at least, with my post suggesting Merrill Lynch in London would be expanding to soak up the tax losses. A leaked Merrill Lynch internal memo featured in Here Is The City states that they have imposed a global hiring freeze for the rest of 2008. The freeze will be imposed across the board, excluding retail broking, and will apply to
Exceptions will be considered, but all applications will need to be submitted to Merrill's Management Committee by a senior sponsor (that wishes to curtail their future career with the firm!).

That should ensure there will be hordes of recruitment agents crying into old job specs reminiscing about the good old days.
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posted by John Wilson @ 2:25 PM Permanent Link newsvine reddit


At 2:16 PM, Anonymous Anonymous said...

Guess another way to soak up tax losses is to cut costs = more profit


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