What? Your own source there shows that the number of companies "contributing to this wave" has been steadily decreasing month-on-month, and November's numbers are looking to be on par with the Summer in terms of number of companies. So yeah.. not a trend in unusual layoff numbers.

And if you omit the outliers of Meta and Twitter, the overall numbers of layoffs from the industry look to be completely on trend, aside from those specific outliers.

The data itself shows that we aren't in that big layoff wave yet.