I tend to agree. What goes up often comes down. The same company that may reduce staff by 20% may have seen revenue growing at 40% in the last year but suddenly sees growth tapering off, and as such, re-evaluate that they've over-hired and have to adjust accordingly.

And as fast as companies hire (which people celebrate), companies can quickly layoff too (which we lament).

So just as it is normalized to do fast-hiring, such is the case for fast-layoffs/firings.