Snowflake's 'strategic realignment' feels like a layoff euphemism

Okay, so the official line from Snowflake is 'targeted adjustments' and 'strategic realignment'. I've been around the block enough times to know what that usually means. It's the corporate speak for 'we're cutting people, but don't want to cause a panic'. Feels like a soft rollout of layoffs, maybe phased to avoid a big splash. I'm hearing from a few contacts that certain departments are feeling the heat, with headcount freezes and 'performance management' discussions happening more frequently. Is anyone else in a similar boat or hearing the same? It's frustrating when companies try to sugarcoat these things instead of being transparent. Just want to know what to expect. This whole 'efficiency' narrative feels like a lead-up to something unpleasant. Anyone have direct experience or confirmation of what these 'adjustments' actually entail?