Instagram Reach Suddenly Dropped — Algorithm Change?

Has anyone else seen their IG reach drop lately? My engagement was doing great a few weeks ago, but now it’s like my posts are invisible. I haven’t changed my hashtags or posting times, so I’m wondering if there’s a new update affecting reach. Curious to hear if anyone’s seeing similar results.

Nothing changed on our front, or at least enough to make it tangible. There were one of our channels that has had some ups and downs but generally nothing major