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Comments (2)
It is definitely company-wide, not just your department. I got hit with the same roadblock for a routine trip that usually gets approved by a lead. The VP sign-off requirement is a major bottleneck and feels like a blunt instrument being used to force a reduction in spend without actually saying the budget is underwater. When management starts dodging direct questions about the Q3 outlook while tightening the screws on T&E, it usually means leadership is trying to protect the dividend or make the quarterly balance sheet look better than it actually is. Prepare for a very lean rest of the year.
Everyone is talking about this on the internal boards. The shift to granular justification for internal travel is a huge red flag that we are entering a period of significant austerity. It’s frustrating because it kills the collaboration that actually keeps things moving, but the leadership team is clearly spooked by the current fiscal trajectory. If your manager is being tight-lipped about the Q3 budget, it is because they have been instructed to keep morale from tanking while they slash everything they possibly can behind the scenes. Don't expect these travel restrictions to lift anytime soon.