This is the flavor of the first quarter every year! They do scale back, probably 10-15% and start targeting a few guys they have problems with or don't like anyway. All goes away by April. Of course, if there is a larger economic downturn then yes, it can get worse.
Either way, prepare yourself with some options and enjoy a little time off if you do get it. My body needs a week or two to recover anyway.
And FYI, my center couldn't even get enough volunteers to work Dec 22nd or for tomorrow Dec 31st so at least where I am at no one is beating down the doors for more hours. Most are sick of the place right now.