AllupInyourBiz

Today, Merrill Lynch announced a hiring freeze that will be in place until the end of the year. The news came written in a formal memorandum from the ML’s President, Gregory J. Fleming. The reason for the freeze, if it is not already obvious, is stated to be a mitigation tactic for the billions in writedowns that the firm has recently suffered. Not to worry, says DealBook, the majority of ML’s hiring generally takes place during first and second quarters. Any bets on who will be next, with the formal hiring freeze?