Definition
A 'hiring freeze' is a temporary pause on recruitment. π₯Ά It's like hitting the brakes on filling open positions. Companies usually implement this to cut costs or navigate economic uncertainty. It means no new employees are brought on, even if there are vacancies. Existing employees may have to cover extra work. A 'hiring freeze' can signal financial difficulties or a strategic shift in a company. It's a waiting game to see when hiring will resume.