Anyone else feeling the crunch at Twilio?

It feels like the air has been sucked out of Twilio for the last couple of months. Morale seems pretty low, and there's a constant undercurrent of anxiety. Performance reviews just wrapped up, and the messaging around "high performers" and "strategic alignment" feels like a prelude to something. I've been hearing more and more chatter about people actively looking to leave, and some quiet exits happening without much fanfare. Is this just the general market, or is Twilio making moves? Curious if anyone has concrete info or has seen friends/colleagues impacted directly. It's hard to ignore the feeling that things aren't as stable as they once were.