MLB Tells Employees It Has Initiated Hiring Freeze


CNBC has exclusively learned that Major League Baseball had a meeting with its employees yesterday and announced to its staff that, in order to deal with the current economic environment, it was undergoing a hiring freeze, freezing salaries and taking 20 percent of employees' vacation time for 2009.

At this time, unlike the NBA and NFL, there will be no layoffs. The NHL has also instituted a hiring freeze.

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