Reorganization announcements have started. We were notified today, and while I cannot share the specific area, our team was not laid off. Instead, the team is being split up and moved under different managers.
We were told that the reorganization will continue next week in waves, with additional teams being notified over time. We were also informed that some areas across the company may experience layoffs.
I was also able to confirm that a coworker in a completely different department was recently asked to provide a manager breakdown and reporting list. Based on that, it seems the timing of notifications may depend on the department, and some employees may not hear anything for another couple of weeks.