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I'm in a different division but have heard similar murmurs about 'efficiency reviews' and 'strategic realignments.' It's definitely a company-wide feeling of uncertainty right now. The vagueness is what gets people, makes you imagine all sorts of scenarios. Hope it's nothing too disruptive, but the economic headwinds are real for everyone in the industry.
Can confirm that there's a general feeling of 'what's next' circulating. It's not just your team. Leadership seems to be looking at ways to streamline operations, which often translates to reorgs. Try to focus on your deliverables and keep your skills sharp. That's the best defense in times like these. Good luck.