Anyone else seeing strange things at SBD Industrials lately?

Hey all, been with SBD Industrials for a few years now, mostly at the corporate level. Lately, things have felt... off. Not outright layoffs or anything officially announced, but there's a definite shift in the air. Projects are getting paused or significantly scaled back, hiring freezes seem to be in effect for roles outside of critical areas, and there's been a lot of 're-evaluating priorities' in meetings. My manager is being pretty tight-lipped, just saying we need to 'focus on core competencies'. Anyone else in the industrial side picking up on this? Is it just my department, or is there a broader wind blowing through the company that management isn't talking about openly yet? Wondering if I should start updating the resume just in case, or if this is a temporary belt-tightening. Curious to hear what others are experiencing.