In what's
become a waiting game for city officials and taxpayers, Mayor Kathy Sheehan, hoping the state budget due in March rescues city finances, has instituted a
hiring freeze and is considering program cuts.
Most top - end US corporate / cap markets practices in HK / China
became understaffed in ’09 and ’10 while
hiring freezes (or at least heavy restrictions on
hiring) were in place and i - banks were heavily recruiting from top firms» ranks in the region.