Performance review season feels extra tense this year

So, it's that time of year again, performance reviews. But man, the atmosphere is way more charged than usual. My manager's been super cagey about feedback, and the usual "areas for development" talk feels more like a "reasons why you might not be needed" discussion. I've heard from a few people that their reviews are being framed in a way that sets them up for... let's just say, 'career realignment.' It's not just about hitting targets anymore; it feels like they're looking for any excuse. Anyone else feeling this pressure cooker environment during their reviews? It's making me seriously re-evaluate my position here and what my next steps might be. Hoping I'm just being paranoid, but the anxiety is real.