Probably. I can't be bothered looking for a reference. I was an engineering program manager and people manager at Google previously and around 2010-2012, there

Probably. I can't be bothered looking for a reference. I was an engineering program manager and people manager at Google previously and around 2010-2012, there were opportunities for the company to really accelerate revenue, product development but they couldn't hire fast enough to take advantage. This stemmed from many orgs freezing hiring for a significant period (maybe 12-18 months). At large companies, you have queues setup for most roles because you often growing the n count of that role by 5-10% per annum. Also very few orgs plan for attrition (I don't get why because it's always been in the range of 4-20% in my opinion). Freezing hiring means a company's ability to execute reduces. Sometimes that is needed but often you must backfill to keep the lights on. Guess the messaging is easy ("no hiring. No exceptions").