noun
It refers to a period during which no new employees are hired, typically as a cost-saving measure or due to financial constraints.
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The company announced a hiring freeze due to budget constraints.
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Looks like we won't be hiring anyone new for a while because of the hiring freeze.
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No new hires allowed until further notice because of the hiring freeze.
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The hiring freeze put a hold on any new additions to the team, leaving current employees to pick up the slack.