There’s always an annual layoff. Media just perpetuating it…
There's definitely more layoffs this year than usual. There's always layoffs, but the size / scope of them are not traditionally this big.
Not to say this is universal, but I read a comment here on HN just earlier that said their company said this last year... then did the exact same thing this year.
Whether that's a 5% increase or a 500% increase in amount-laid-off though, no idea. And I do worry that the increased media attention will simply make these easier to pull off unjustly, as people get more and more used to seeing it happen.