Implicit in your argument is, I think, that 'record profits' are an inadequate or unacceptable condition for layoffs 'in droves'.
Among other things, your characterization of these layoffs as ' laying off people in droves' also implies that 'these' layoffs are, in fact, noticeably more in number.
FTFA: 'The year closed with the fewest announced layoff plans all year'
And, since statistics lie:
2020 2,304,755
2001 1,956,876
2002 1,466,823
2009 1,288,030
2003 1,236,426
2008 1,223,993
2025 1,206,374
I see a trend. 2022, 2023, 2024 did not make the list. Comment?
ps - Do you believe we should, somehow, prevent layoffs when the employers enjoy profits? And how?