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I've definitely felt that too, though perhaps in a slightly different way. My team hasn't seen explicit talk of efficiency drives, but there's a definite sense of 'streamlining' going on behind the scenes. New initiatives seem to be deprioritized in favor of optimizing existing processes. It's hard to say if it's a broad company trend or just specific departmental reorganizations. Hopefully, it's just a phase and doesn't lead to anything more concerning for most people.
Interesting to hear others are feeling a similar unease. While my direct manager hasn't brought up efficiency much, I've noticed a subtle shift in how projects are being greenlit. There's a lot more scrutiny on ROI and a tendency to consolidate resources. It's not necessarily negative, but it does make you wonder about the long-term strategy and how it might impact headcount or individual roles down the line. Keep the updates coming if you hear anything more concrete.