Merrill Lynch Puts IT Projects On Hold For Now
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NEW YORK--While causing shock waves on Wall Street with its layoff announcement, Merrill Lynch has also put the brakes on many IT projects--if only temporarily--putting in limbo the plans of third-party IT consulting companies.
In a stunning announcement last week, Merrill Lynch confirmed that it will be laying off 3,400 employees, many of them coming from the ranks of full-time consultants and those in the emerging markets and fixed income businesses. Industry observers expect Merrill's peers
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