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I've been noticing the exact same thing on my floor. It feels like they are sharpening the axe before the quarter even ends. The focus on granular metrics when the numbers look stable is always the tell. Every time leadership starts acting this twitchy about performance documentation, we end up seeing a RIF within a few months. My advice is to update your resume now and start documenting everything you do, just in case they decide to pull the plug on entire departments to appease shareholders.
You aren't imagining it. The atmosphere has definitely shifted, and the push for early reviews is a classic red flag that management is prepping for headcount reductions. They want the paperwork cleaned up so they have a 'justification' file ready to go. Don't fall for the 'it's just a new strategy' talk—we've seen this cycle enough to know what follows. Stay quiet, keep your head down, and keep your options open, because the timing of this push is definitely not a coincidence.