Working at a fortune 500 company in a mid level management position you are incorrect. You lay people off when there isn't enough work for them (do to automation, increased efficiency, or decreased demand for your product, etc). You can't just lay people off to "increase profits" because then you can't produce as much. Having less product to sell means less revenue and less profit.
And a regulated capitalistic system has been proven to be the best system for a middle class, and have pulled more people out of poverty than any other economic system. Name a replacement that is better. (Note my key word here is REGULATED capitalist system).
Cool, well that's good for your company. People are laying people off for the sole reason of increasing profits. That's why all these layoffs happen, and why any layoffs happen, if you're immune to seeing that because you work for some fancy company that's good for you! You don't need to feel apart of it until you do. :)
I guess I should add, just because arguing with people isn't cool, and I don't really mean to do it that I genuinely feel it's good for you if you feel that way, ignorance is bliss.
I have been working in games for a long time and have never once seen layoffs that were not about increasing profit, since that's the only goal of the company (Of course, this excludes small companies and co-ops etc.).
Usually it's worded in a way to remove the human element like "we need to be more efficient, we need to set ourselves up for success in the future, whatever."
All of that is true, but also not true, because under capitalism everything
only exists to make profit, so that's the reason. I'm a bit sensitive to it, because I've seen countless friends and co-workers thrust into hardship for no reason other than appeasing some suits who do nothing to make our games.
I remember my first time! I was working as a junior and all of a sudden, out of no where, a bunch of people got up and walked out single file, friends stopping by my desk to tell me they were laid off. It never gets easy and it's always for the same reason.