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I've noticed a similar vibe in my department over the past year. It feels like management is being very cautious with new initiatives, and there's less emphasis on expansion. While I haven't experienced direct cutbacks, the lack of visible growth opportunities or new projects is definitely making me re-evaluate my long-term prospects. It's a tough environment to feel truly engaged when you're just treading water.
It sounds like you're experiencing what many are feeling across the board, not just at Nordson. Companies often enter a 'maintenance mode' during uncertain economic times. This can manifest as slower project pipelines and a focus on efficiency over expansion. While it's understandable to feel anxious, sometimes these periods are temporary and pave the way for future strategic shifts. Keep an eye on industry trends and your own skill development.