I'm hearing that this time it's going to be focused on higher grades only. What I heard is that whole concept of senior technical leadership (PEs and Fellows) is revamped, and leadership roles are now being closer tied to respective BUs (and realized through lower grades).
For TL and TL2 roles, I'm hearing that desired structure no more then 3 TLs or 2 TLs and one TL2 per director.
Also heard, that this time some may be offered demotion instead of just pink slip.