[loeg]

Sure, it waxes and wanes. 2022-2023 were probably above average layoff years, while 2020-2021 before that were probably below average years. I think layoffs have fallen since 2023 rather than staying elevated, but I haven't attempted to quantify that.

[refulgentis]

You’re sort of airily dismissing it repeatedly. It wasn’t small or a wax and wane thing.