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Understanding Hiring Freezes: Everything You Need To Know
When a company decides to put a halt on hiring new employees, it is referred to as a hiring freeze. This means that the company will not be hiring any new staff members for a certain period of time. The reasons for implementing a hiring freeze can vary, but it is usually done to cut costs or to restructure the organization. In this article, we will delve into the details of hiring freezes, including what they are, why companies implement them, and what they mean for job seekers. What is a Hiring Freeze? A hiring freeze is an internal decision made by a company to temporarily suspend the recruitment of…