Gen Digital - Anyone else seeing budget cuts on non-essential spending?

Been with the company for a few years now, and lately, it feels like the purse strings are being tightened significantly. It started subtly with travel restrictions and then moved to cutting back on training budgets and even things like team lunches/social events. I've also heard whispers about a freeze on contractor roles and a much harder look at every single expense report, even minor ones. It's not just me noticing this, as I've chatted with a few colleagues across different departments, and they're seeing the same trends. We're all trying to figure out if this is just a standard quarterly review or if there's something bigger brewing. The official line is always 'efficiency' or 'strategic reallocation of resources,' but the consistent reduction in spending across the board feels more like a prelude to something. Has anyone else experienced this level of budget scrutiny? What are your thoughts? Is this a sign of tough times ahead or just standard financial housekeeping?