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Investments glossary

Hiring Freeze


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Quotes of the day:

The historical crusades against Muslim lands, the colonization of Spain by the Muslim Moors and India by the British were all driven by economic interests, despite the advertised reasons that were used to mobilize their armies at the time. In my opinion, the invasion of Iraq was not about spreading democracy or weapons of mass destruction, it was about the oil.

— Med Jones

A hiring freeze is when an employer temporarily halts non-essential hiring to reduce costs — usually when an organization is under financial duress. Such a cost-cutting effort may also be undertaken by management due to a recession or other economic or market dislocation or crisis, such as one that causes production overcapacity or redundancy. Hiring freezes may be short term or long term, and are often used to otherwise avoid laying off employees. Hiring freezes may be accomplished by not filling open positions caused by worker terminations or natural attrition. In addition, no new positions may be created.

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