Is the auto demand dip hitting MCHP harder than expected?

Been seeing a lot of headlines recently about Microchip and job cuts tied to the automotive sector softening. While I haven't seen any official announcements or felt any direct impact on my team yet, the external noise is pretty loud. It makes you pause and think about how intertwined our business is with those cycles. I joined MCHP a couple of years ago and it's always felt pretty stable, but this automotive slowdown is supposedly significant. Is this just a cyclical blip, or is there a deeper concern about how it's affecting our pipeline and revenue? Wondering if anyone in sales, planning, or product management has a clearer picture of the demand trends and how they're translating to resource allocation internally. Are we seeing hiring freezes creep in, or is it still business as usual for most departments? Curious to hear from others navigating this.