Is the 'restructuring' just a slow bleed?

Been seeing a lot of chatter around Shopify lately, mostly about layoffs. But the official line is always about 'strategic realignment' or 'optimizing operations.' Feels like a nice way of saying they're quietly cutting headcount without a big splash. My team's project scope got cut back significantly last quarter, and a few people just 'moved to different opportunities' which is usually code for 'out the door.' It's creating a weird atmosphere where everyone's wondering if they're next. Are the execs trying to preserve the stock price by making it look like things are under control, or are they genuinely trying to become a leaner machine? It's hard to tell what's real when the messaging is so carefully curated. Anyone else feeling this quiet uncertainty? What's the vibe on the ground in other departments?