Why businesses are still furiously hiring even as a downturn looms

Should companies be hiring or firing? Demand for workers has roared back over the past two years so many firms need to hire. Yet at the same time fears of recession are widespread. Across industries firms are scrambling to find the right response—and coming up with different answers. Last week Snap, a social media firm, said it would fire a fifth of its workforce and noted the “difficult macro backdrop”. Mark Zuckerberg is reported to…