Recessions last on the order of years. Businesses operate on quarterly reports, so they (more or less) need to get their shitty report for Q2, make some "adjustments" (layoffs and re-organization) in Q3, and then step it up with desperate layoffs going in Q4 and next year to keep the company in business.

Also Republicans dumped trillions into business aid to keep things looking ok on the books for now like others have mentioned.