M&T Bank - What's the Deal with the hiring slowdown?

So, I've been trying to move teams internally at M&T for a few months now, and it's been incredibly slow. Several postings I was interested in have been taken down or are 'on hold' indefinitely. On top of that, some of my colleagues who applied for external roles are reporting delays in their offers being finalized, with HR citing 'internal review processes.' It feels like there's a blanket freeze or at least a significant slowdown happening across the board. Is this just a seasonal thing, or are others experiencing this? Feels a bit unsettling given the current economic climate. Curious to hear if anyone has insights or has heard whispers about why hiring has suddenly dried up.