ConocoPhillips - Layoff rumors swirling, what's the real deal?

Okay, trying to get a pulse on what's happening at COP. I've been hearing more than just the usual chatter about 'efficiency' and 'optimization'. Some folks in procurement are saying their budgets have been slashed pretty significantly, and I heard from someone in IT that some projects are being put on indefinite hold. No official word from HR or leadership, of course, but the whispers are getting louder. Is anyone aware of specific teams or departments that might be impacted? Trying to figure out if this is a company-wide 'belt-tightening' or if certain areas are more exposed. Any credible intel out there would be appreciated, trying to stay ahead of the curve here.