Budget cuts or strategic pause? What's up with GMI spending?

Just want to get a pulse check from others at General Mills. Seems like budgets are really tight this quarter, and not just in one area. Multiple teams I've interacted with are talking about needing to drastically cut back on non-essential spending, and some even on essential project phases. It's not just hiring freezes, it feels like we're actively pulling back. There's no official announcement of a broad layoff or restructuring, but the financial belt-tightening is undeniable. Curious if this is a signal of something bigger, maybe a response to market conditions we aren't fully privy to, or if it's just a standard mid-year budget adjustment that feels more severe this time around. Honestly, it's a bit unnerving. Makes you wonder about future investments and even job security down the line, even without explicit layoff news. Anyone have insights into potential reasons for this sudden frugality? Is it supply chain, inflation impact, or something else entirely? Would love to hear any theories or observations.