As some have said, it's tied to budget, but I'd say it's more to do with the individual company than industry.
Many companies use 12/31 as the end of their fiscal year, so they're looking to clean up their books as that date approaches (or shortly thereafter if company trends won't be clear until after the year-end financial reports are completed). But an industry like finance pays most of its bonuses in late 1Q (after FY close -- those companies are also usually on 12/31 FY) and they know a number of such employees have lined up offers (in the current highly mobile "great resignation" economy) with the understanding they will resign shortly after that payout, so the companies are also bracing to hire to fill those departures then. So it's a good idea to ask someone at your company when your FY ends. Then you'll know more about when departures (voluntarily or involuntarily) are more likely to happen.
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