Big companies have to compete with other big companies. What if you lay off your employees in order to make a product with a similar scope as before, but your competitor hires more people and expands the scope of their project significantly?

Considering all the big companies laying people off recently, even those with enough capital to retain them, they don’t seem very concerned about that possibility. For what it’s worth I hope you’re right.

Even after all those layoffs - they still have more employees than before the pandemic.