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Same here. We had a verbal offer ready for a candidate in my group, and it was pulled off the table out of nowhere last Tuesday. Leadership is being completely tight-lipped, but the 'under review' status is definitely company-wide corporate speak for a broader restructuring. Don't waste your energy trying to get straight answers from HR right now; they’ve clearly been instructed to stonewall everyone until the official announcement drops. Keep your resume polished and stay alert during those random syncs, as they usually signal impending headcount reductions.
I’ve been through this cycle before at PTC, and the pattern is textbook. First, they stall on the backfills, then they implement the 'strategic review' of departments, and finally, the actual layoffs follow a few weeks later. The lack of transparency from management is the biggest red flag. If your manager is dodging questions about the hiring freeze, it’s because they likely already know what's coming and aren't allowed to talk about it. Take the hint, update your LinkedIn, and start quietly reaching out to your network before the market gets flooded with the rest of our coworkers.