AEP - Budget cuts impacting projects and travel?

Has anyone else noticed a tightening of the purse strings at AEP lately? My team's been told some non-essential projects are being put on hold, and there's definitely a lot more scrutiny on travel expenses. It feels like the budget is getting squeezed, and while there haven't been any official announcements about layoffs, this feels like a precursor. Are other departments experiencing this? Is it just a seasonal thing or is there a bigger picture unfolding? Trying to gauge the overall sentiment and see if this is a company-wide trend or just something specific to our area. Any info on budget impacts would be helpful.