Ecolab - Layoff rumors or just market jitters?

Been seeing a lot of talk on other platforms about potential job cuts across the chemical industry, and it's got me thinking about Ecolab. We haven't had any official news, and Q3 earnings weren't a complete disaster, but the economic climate feels shaky. Some project managers have been pulled from smaller initiatives, and there's been a noticeable slowdown in new hires being approved. Is anyone else picking up on this? Or is this just the usual pre-holiday season anxiety combined with general economic uncertainty? I'm trying to figure out if I should be updating my resume 'just in case' or if it's business as usual. Anyone have any 'insider' info, even speculative, about where we might be heading? Trying to make sense of the signals without jumping to conclusions.