That is a valid point. But no, the company has been around for 31 years and I have only worked there for just over 8 years. I am confident however that no large-scale layoffs ever happened there, because I have heard all sorts of harrowing stories from "back then", abusive managers and the like, but layoffs were never mentioned.

Might be survivorship bias though because the people that could have been laid off in the first few years cannot be there to tell the tale, of course.