Anyone else feeling the budget squeeze in their division?

Hey everyone, long-time lurker here. I've been at ExxonMobil for a few years now and usually, this time of year feels pretty standard. But lately, I've been noticing some subtle shifts. My team's travel budget got slashed pretty significantly with little explanation, and a few internal projects that were greenlit a few months ago are suddenly on "indefinite hold." My manager is being cagey when I ask about it, just saying "resource allocation priorities." It feels a bit like the tap is being turned down slowly, you know? Not a full shut-off, but definitely a noticeable reduction. I haven't heard any rumblings about actual layoffs, and performance reviews are still happening, but the overall atmosphere feels a bit tighter. Anyone else in different departments seeing similar things? Curious if this is a company-wide thing or just my corner of the world. Trying not to panic, but it's hard not to feel a little uneasy when the usual flow of things changes without clear communication. What are your thoughts on this?