Profit per employee is still high. Revenue per employee hired might be lower after the hiring spree, but the total revenue is still higher. Pay that back w/o culling the herd.

The other option is forming a coop like Igalia or moving to a democratically run organization. I say this not not to stoke a needless discussion, but corporations are fascist cabals. Employees are tools that are on the out-group and nothing more.