BofA Freezes Hiring On Downturn Risk; Credit Suisse To Pay Bonuses Upfront To Prevent Exodus

Layoffs are rippling across corporate America as the Fed-induced macroeconomic headwinds mount. Earlier today, Microsoft’s CEO announced the planned termination of 10,000 employees. Besides tech, some of Wall Street’s biggest banks are tightening their belts, citing the risk of a downturn. Bank of America Corp. is the latest in the financial industry to implement a hiring […] Source