Feeling the pressure on my project, anyone else?

Is it just me or is the workload on certain projects becoming unsustainable? My team has been running on fumes for months, and we keep getting asked to do more with less. We're supposed to be delivering on some critical client commitments, but we're constantly short-staffed. I've seen a few folks leave voluntarily over the last quarter, and no one seems to be rushing to fill those roles. My manager keeps talking about 'efficiency improvements' and 'streamlining processes,' but it just feels like a roundabout way of saying we need to pick up the slack. I'm starting to worry that this isn't just a temporary crunch, but a sign of things to come. The lack of new hires and the constant pressure to deliver are really grinding me down. Anyone else experiencing this kind of sustained pressure without clear answers on team growth or resource allocation? It's starting to feel like a slow bleed.