Weasel-Wording / Fire 'em AND hire 'em?
First: "ZTE is not planning any lay-offs this year...we can expect a graduate hiring spree."
1. Weasel-wording.
(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.