PepsiCo Beverages: Headcount Freezes and Budget Cuts - What's Going On?

Hey everyone, been seeing some weird stuff in my division at PepsiCo Beverages lately. My manager mentioned a temporary hiring freeze for all non-essential roles, and budgets for travel and training have been slashed significantly. It feels like management is really tightening the purse strings. I haven't heard anything concrete about layoffs, but the general vibe is that things are a bit uncertain. Has anyone else experienced similar budget restrictions or hiring freezes in their departments? Just trying to get a sense of whether this is a company-wide thing or specific to certain areas. Trying not to panic, but it's hard not to when you see these kinds of signals. Curious to hear if others are feeling this too.