Employment

Merrill Rumored to be Planning Layoffs, Facing Huge Writedown 

Merrill Lynch — a relative paragon of silence during the credit crisis, while competitors have been dealing with pricing issues, layoffs, and more layoffs — now appears as if it’s about to join into the Wall Street fray. The firm is planning to cut its investment banking staff by as much as 10 to 15 percent, according to a report published Tuesday morning by Dealmaker.