P66 - What's the deal with the hiring freeze rumors?

Been hearing whispers about a pretty significant hiring freeze across multiple departments at Phillips 66. My manager is being super tight-lipped, just saying 'we're evaluating all open requisitions.' Saw a couple of job postings disappear overnight too. This feels more serious than just a temporary pause. Is anyone else seeing this play out in their teams? Any inside info on what's driving this? Is it a sign of bigger things to come, or just a cautious approach given the current economic climate? Trying to get a clearer picture before I start worrying too much, but the lack of transparency isn't helping.