Recent staff cuts at major corporations in the U.S. have experts questioning the “no-hire, no-fire” landscape, signaling a potential shift in the job market. Job cuts in October surged, with technology, retail, and services leading the pack.

Amazon and UPS announced significant job cuts, reflecting a potential turn towards caution and cost-cutting in corporate America. Factors driving the pullback include AI and automation, pandemic overhiring, and economic uncertainty.

Despite the job market contraction in some areas, other sectors like AI development, cloud services, and healthcare are thriving. To stay resilient, focus on essential skills, maintain a financial safety net, and stay connected in your industry.

Experts urge employees to stay prepared in the face of potential job market shifts. Making oneself indispensable, saving for emergencies, and maintaining a strong professional network are key strategies for navigating uncertain times.

Read more at Yahoo Finance: US job cuts surged 183% in October to a record 153K. Is this the end of America’s ‘no hire, no fire’ landscape?