Well, of course, all companies do. Regardless of prevailing economic conditions there will still be staff turnover, it might slow in a recession, but people aren't going to stop living their lives.

A bit offtopic, but does anyone know how long Google usually needs to get back to you when you apply for a position? Also, do they notify you if you've been rejected, or does your resume simply disappear into a black hole?

if i had the money, i will increase my hiring spend as you can get much better people because number of new startups reduce and also less competition in hiring