Performance review cycle - any unusual patterns this year?

Just finished my performance review cycle at Moody's and it felt a bit more intense and drawn out than usual. My manager was cagey about feedback, focusing heavily on 'efficiency' and 'resource optimization' without giving concrete examples of where I or the team could improve. It felt like they were building a case for something, rather than actually developing performance. I've heard similar grumblings from colleagues in different departments. Is this part of a broader company-wide review strategy, or are managers just under pressure? With the general economic climate, I'm naturally a bit nervous, and this review process definitely amplified those feelings. Curious if others had a similar experience or heard anything about changes to the review process this year.