What you're describing isn't out of control, all businesses have income and expenses, good management is watching both sides and building the organization that connects the two in the middle.

Sudden drastic moves if the business is delivering profits seems like the out-of-control action to take. If the business salary structure is off, or if you need to a different skill mix there are ways to shift that in a profitable business without sudden layoffs damaging the very organization that delivers your current profits.