🚀 go-pugleaf

On Fri, 09 Oct 1998 04:58:25 GMT, smanes@NOSPAM.HEREmagpie.com (Steve
Manes) wrote:

>On Fri, 09 Oct 1998 04:04:51 GMT, ElocutusOfBorg@hotmail.com
>(Elocutus, First Borg Son) wrote:
>>>And jobs have begun to follow, at least in the NYC financial market.
>>>Many downtown financial firms ordered hiring freezes over the last few
>>>weeks out of concerns about the international financial market.  At
>>>least one of the Big Five has already begun lay-offs.
>>
>>Anecdotal evidence is of little value in logical debate.  I've yet to
>>be involved in a job search where one or more of the major investment
>>banks has *not* been in the middle of a hiring freeze.
>
>It ain't anecdotal evidence.  Merrill-Lynch, Goldman-Sachs, Citibank
>and Namura Bank are just a few of the big financials that ordered
>hiring freezes over the last three weeks.  Based upon the dozen or so
>major headhunters I've worked with the last month, the only one I know
>that is still hiring is Morgan-Stanley, and that may have changed in
>the last week too.

Also, both 1010WINS and WCBS reported on Wall St hiring freezes
yesterday morning.  Certain large financial institutions with whom my
employers do business are indicating that they may be scaling back the
services they buy from us.  Which basically means they're cutting back
on outsourced and temporary programmers.

Jeremiah