You can be fired at any moment, and managers will pull the trigger if they feel so based on the metrics they have access to.
This happened to me on Wednesday...
It was a quick conversation...
she told me that my metrics were not good and that she had no other options. No emotions.
I was planning to leave on 8/15 anyway, as I am starting full-time school (and she did not know this, my peers do not know this, etc.), so I am not that upset.
I am just sharing the experience with people who are maybe just joining and want to tell them that they need to be careful and pay attention to this possibility.