Yep, i can't disclose specific numbers but we went from $X/month/person budgets to $X-100/month recently, and this is a pretty big company with ~5000 people. From what I can tell the pursestrings are only tightening further too, too little actual real-world benefit for the obscene spend

Correct. The people that control the pot of money these labs ultimately need to survive seem increasingly unconvinced that giving these labs money is a good idea. At least at the levels the labs need to not go bankrupt.