Recent bouts of layoffs in the tech sector have been "loud layoffs," as they were made by companies that are household names: Apple, Google, and Microsoft, to name a few. According to a new report, although these loud layoffs may make it seem like the labor market is in trouble, most companies are not actually planning to reduce their workforce.

A recent survey by law firm Littler Mendelson found that three of every five organizations are not currently considering layoffs, compared with the 24 percent of respondents who said their business is 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.

Though positive, this data doesn't necessarily mean the labor market is off the hook. Execs' optimism didn't extend to the tech sector, for instance, where 87 percent of leaders reported they're concerned about how an economic downturn might affect their workforce management, compared with 77 percent of all respondents. Further, in the tech industry, 60 percent of respondents are already conducting layoffs, per the report.