Budgets seem tighter across the board for non-essential items

Starting to notice a pretty significant belt-tightening on anything that isn't directly tied to core product development or sales. Think training budgets, conferences, even smaller departmental perks or team-building activities. Seems like approvals are going under a microscope. My manager's been saying it's 'strategic resource allocation,' but it feels more restrictive than usual. Anyone else experiencing this across different business units? Trying to gauge if this is a company-wide push or specific to certain areas. Makes it tough to justify even small expenses lately.