Weasel-Wording / Fire 'em AND hire 'em?
First: "ZTE is not planning any lay-offs this year...we can expect a graduate hiring spree."
(a) Perhaps the ZTE's press department ("we") isn't planning any layoffs, but the upper execs may be doing so.
(b) To say "we can expect" is essentially meaingless. I can 'expect' to find a pot of gold in my refridgerator, but that doesn't mean it will happen.
2. Perhaps they are planning on firing their older, higher-salaried workers, and hiring lower-salaried new graduates to replace them.