Is it just me or is the workload shifting drastically?

Been at NVIDIA for a few years now, and lately things feel… off. Project scopes seem to be shrinking, and there's a definite sense of 'do more with less' creeping in, even though we haven't heard a peep about layoffs. My manager's been cagey about future roadmaps, which is unusual. It feels like resources are being reallocated, maybe towards more critical areas, and some teams are being deprioritized. I saw the news about ARM and SoftBank, and that definitely got my attention. It makes you wonder if there are broader economic pressures affecting the entire sector, and if NVIDIA, despite its strength, isn't entirely immune. Anyone else in hardware or engineering noticing a similar pattern? Is this just a seasonal dip, or something more substantial?