Any rumblings about Q3 headcount reductions?

Is anyone else hearing whispers about further staff reductions for the end of the year? We’ve been hearing a lot of 'efficiency' talk from leadership lately, and the atmosphere in my department has become noticeably tense. Management keeps repeating that we need to tighten the belt, but we haven't seen any actual numbers or specific targets yet. Usually, when the buzzwords start flying this thick, a RIF follows shortly after. I’ve been checking internal job boards and noticed that posting volume has effectively stalled out for certain business units. People are terrified to speak up during all-hands, but the water cooler talk is all about who is on the chopping block next. Has anyone heard anything concrete from their VPs, or are we all just waiting for the inevitable email announcement on a random Thursday morning? I'm trying to decide if it's time to start polishing the resume or if I'm just being paranoid because of the general banking climate right now.