I believe a lot of corps got spooked when the first announcement were made and they started to look into their labor pools and saw that they are highly ineffici

I believe a lot of corps got spooked when the first announcement were made and they started to look into their labor pools and saw that they are highly inefficient. If your products are mostly software based it's easy to scale back if you do production or engineering (other than software) it's not that's why you see companies like Apple or Tesla not scaling back as much as the rest.