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I've been seeing similar trends in my division. Lots of projects seem to be on hold or significantly scaled back. The usual buzz around new initiatives just isn't there. It's hard to say if it's a company-wide directive or just a sector-specific caution, but the lack of new hires and slower pace of internal movement is definitely a talking point among my colleagues too.
Interesting to hear others are noticing this. We haven't had a headcount freeze officially announced, but there's definitely a tightening of the belt. Budgets for training and travel have been slashed, and any new role requires serious justification. It feels like a period of consolidation rather than expansion, which is a shift from a few years ago.