First tech hiring freeze due to mortgage mess
During an internal conference call yesterday, Bloomberg LP management announced it would freeze hiring and cut costs, a source told Silicon Alley Insider. Sure, Bloomberg earns its money licensing terminals to Wall Street firms, and is therefore more directly connected to the mortgage meltdown than any Silicon Valley firms. But news that Silicon Alley's most successful tech firm is suddenly under the gun remains unpleasant. Especially considering yesterday's doom and gloom prognostications from Digitas Web-ad buyer Carl Fremont. (Photo by azrainman)