Feeling the shift in billable utilization targets lately?

Is anyone else feeling the pressure on utilization metrics in the last few weeks? My practice lead keeps dropping hints about 'efficiency' and 'streamlining' during our town halls. I’ve been hearing a lot of chatter about how the firm is moving away from long-term project engagements toward these shorter, productized advisory sprints, but the transition feels messy. People are sitting on the bench way longer than usual, and the internal talk about 'right-sizing' is starting to sound like a precursor to something bigger. I’ve been tracking our project pipeline and it seems like everyone is scrambling to justify their headcount. We keep being told that we need to lean into the new internal tools to speed up our delivery, but the reality on the ground is that the clients aren't really buying what we're pushing right now. It feels like we’re waiting for the other shoe to drop. Has anyone heard rumors about a formal freeze, or are we just seeing the usual quarterly performance management theater?