Baxter - Rumors of budget cuts affecting non-essential spending?

Just wanted to see if anyone else is hearing similar things. I've noticed a pretty significant slowdown in approvals for travel, training, and even smaller office supplies lately. My manager has been pretty tight-lipped, just saying 'we need to be more mindful of expenses.' It feels like more than just standard cost-saving measures. We're not talking about outright layoffs, at least not that I know of, but it definitely feels like the purse strings are being tightened considerably. Is this a sign of a tougher quarter ahead, or is something bigger brewing? Curious if this is happening across different divisions or if it's localized.