Layoff Rumors - Is it Happening or Just Noise?

Lately, it feels like every other tech company is announcing layoffs. I've seen some chatter online mentioning Splunk specifically, citing percentages and numbers of affected employees. But honestly, I haven't seen or heard anything directly within my department or immediate network. Is this just spillover from other companies, or are there actual discussions happening internally that I'm not privy to? It’s frustrating to see these kinds of reports and have no idea if they have any basis in reality for us. Anyone have firsthand info or a clearer picture of what's going on? Trying to gauge the actual risk here, rather than just reacting to every single online post.