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Recent bouts of layoffs in the tech industry, or “loud layoffs,” as these cuts by household name companies – Apple, Google and Microsoft, to name a few – are referred to in a new report,  may make it seem like the labor market is in trouble, but in fact, most companies aren’t planning to fire workers.

According to a recent survey by law firm Littler Mendelson, some 3 in 5 organizations say they are not considering layoffs, compared to the 24% that say they are planning to downsize. Moreover, three-quarters of business leaders say they’re confident that their current state of business is good, and about the same number are confident in where their company will be in 12 months, according to the report.

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