Linde - Budget cuts or something else? What's going on?

Unsubscribed from all the corporate speak, trying to get a real read on what's happening at Linde. Seeing some small but noticeable shifts – fewer travel approvals, delayed hiring for non-critical roles, and some internal projects being put on indefinite hold. Management's been pretty tight-lipped, chalking it up to 'market conditions' and 'strategic realignment.' Feels like more than just standard economic adjustments though. Are we looking at potential restructuring or layoffs down the line? Or is this just a temporary belt-tightening phase? Would love to hear from folks in different divisions – what are your managers saying? Any whispers about headcount freezes or performance reviews being scrutinized more heavily? Just trying to get a sense of the bigger picture before things potentially get uncomfortable.