npacenop

As a person working in the EU on an unlimited contract and reading all the headlines about mass layoffs in the US I can't help asking myself - how is that possible there and not possible here? Are unlimited contracts not that typical in the US? Or is it easier to circumvent them and find an excuse/reason to void the contract? In the EU the notice period goes both ways - I can't leave my job immediately, but my employer also can't fire me immediately - from what I read here in the US it is perfectly normal to wake up and find out you've been fired. What am I missing?