Performance metrics feel like a setup lately

Is it just me or are the performance metrics and expectations feeling increasingly... aggressive? My manager keeps bringing up 'individual contribution' and 'impact on core objectives' in a way that feels less about development and more about justification. We've had a few people on other teams quietly exit in the last month, no big announcement, just... gone. It's making everyone nervous. I'm worried they're building a case for cuts down the line by setting impossible standards now. My workload hasn't decreased, but the emphasis on hitting these specific, often subjective, targets feels like a way to weed people out without resorting to outright layoffs. Anyone else in a similar boat or have advice on how to navigate this?