MGM Resorts - Budget cuts or just strategic shifts?

Okay, so this isn't a layoff report, but I'm starting to feel a definite pinch in my department at MGM. We've had a couple of vendor contracts paused indefinitely, and travel budgets seem to have been slashed overnight. My team lead mentioned something about 'optimizing resources' and 'focusing on core priorities' for the rest of the year. Sounds like corporate jargon for 'we're watching every penny.' I'm not panicking yet, but it feels like more than just standard seasonal adjustments. Anyone else experiencing similar budget tightening? Are you seeing effects on your projects, hiring, or even just day-to-day operations? Trying to figure out if this is a company-wide belt-tightening or if it's specific to certain areas. Would appreciate any insights, especially from those in finance or procurement.