In response Wall Street took another tumble. With more and more people losing their jobs, that suggests consumer spending could go down, and that could hurt the economy. In the old days, companies paid little attention to such portents of doom. Strong unions kept people employed even when business slowed. So they concentrated on making profits for the company, and often shared in the rise of the company stock.
Unions are weak so they can get away with that.
At the same time, today's companies alter their business plans according to their economic projections. Salespersons now are focusing on short-term goals. The explanation is that companies want solutions for the major problems that they're having now. They want their investments in new employees or new techniques or new products to pay off within 12 months. They aren't taking the long-term approach any longer.