Fifth Third - Anyone else noticing budget freezes and hiring slowdown?

Been seeing a lot of unusual activity across the bank lately. Seems like most travel is on hold, new hires are getting pushed back indefinitely, and even internal project budgets are being re-evaluated with a fine-tooth comb. My manager alluded to 'economic headwinds' and the need to 'prioritize critical functions,' which sounds like code for something. I've been keeping an eye on this place, and this feels different from the usual cyclical slowdowns. Anyone else experiencing similar things? Seems like a lot of departments are being told to tighten their belts, and it's creating a bit of a tense atmosphere. Curious to hear if this is a widespread thing or if it's just my area.