I think what they are saying is that companies who lay workers off to cut costs and boost profits usually do neither.
You wrote: I think what they are saying is that companies who lay workers off to cut costs and boost profits usually do neither.
I think you are pulling that out of an orifice on your body.
As I recall, Al “Chainsaw” Dunlap actually saved some companies through strategic mass layoffs. Naturally, the history revisionists like to smear him these days, but his services were in high demand because he was successful.