Team meetings extended until Merit Review?

At work, we have team meetings every week where we outline our duties step by step. We were told it was for “process improvement.” The meetings were supposed to end in December. However, it’s been extended until employee merit reviews are done in June.
what should I think of that?

The company is assessing for lay offs
The company is assessing for promotions
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Ooh btw- after assessing my merit, I’ve found that I’ve exceeded past year’s merit. Boss has final say though.
Team meetings extended until Merit Review?
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