Is the 'Cost Discipline' memo actually a precursor to RIFs?

Got the memo from the top this morning about 'rigorous cost discipline' and 'optimizing our footprint.' We’ve heard this rhetoric before, but this time it feels different given how the EV segment is performing globally. The emphasis on cutting discretionary spending is being felt everywhere—even small things like travel approvals and office perks are getting hit hard. It feels like they are tightening the belt as much as possible before they pull the trigger on a larger restructure. I’ve been speaking with colleagues in different divisions and the consensus seems to be that middle management is currently being forced to rank projects by 'immediate ROI.' If your team isn't working on core high-margin legacy tech or the immediate next-gen EV ramp-up, people are starting to sweat. I don’t want to spread panic, but if you’re sitting on a project that’s been delayed twice or has a questionable roadmap for next year, I’d suggest getting your portfolio in order. Does anyone have insight on whether HR is preparing for a headcount reduction, or are we just looking at a standard cycle of budget tightening? Seems like the silence is getting louder by the day.