Garter (India) is freezing future hiring

My company recently told us that they will be freezing any future hiring.

The sad part though is that there are 2 freshers who were supposed to be joining however now their joining will be put on hold.

I mean what's the point of hiring someone if you are going to put their joining on hold. Plus the company had invited those guys yesterday where they were talking about the hiring freeze.

I don't but since the time I have heard about this, I am feeling sad for those guys.