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Comments (2)
It is definitely happening across the board. I have been with the company for a while now, and this exact pattern of sudden, aggressive travel freezes always precedes a major shift in headcount. When finance starts obsessing over minor conference costs, it usually means the quarterly targets are significantly off, and they are trying to pad the margins before the next earnings call. Start polishing your resume now, because the 'restructuring' narrative is almost certainly being drafted behind closed doors as we speak.
Honestly, I think you are overreacting. Tightening the budget is standard practice whenever there is a shift in leadership or a change in our procurement priorities. Smucker has always been conservative with spending during transition periods, and it does not automatically mean the sky is falling. If you are worried, just keep your head down and focus on your core KPIs. Most of these restrictions are just temporary hurdles to ensure we hit our annual goals without having to cut deeper into actual project budgets.