Question, does anyone know if laying people off would save a huge amount of money? Just the guaranteed advertising revenue for twitter was almsost a billion do

Question, does anyone know if laying people off would save a huge amount of money? Just the guaranteed advertising revenue for twitter was almsost a billion dollars, with 7k workers salary cost seems to be about that much. So the layoffs maybe saved them 5-10% equivalent of annual revenue, is that roughly correct? You know what my theory is? This smells like what I was watching on cable news in '07, there are people in wallstreet that are trying to cause a recession so they can profit from shorts or something. You can cut on cloud infrastructure and other stuff in the rest 60-80% of operational cost centers but following the layoff trend only guarantees one thing: less economic/consumer activity which will cascade into the rest of the economy. Absolutley nothing of significance has changed between Q1 and Q4 nationwide that warrants the stock dives and demands of layoffs. Inflation was rising at about the same rate, people do spend less but from what I hear it is about the same as early 2020. So, strategic layoffs make sense but panic trend following smells like there is more happening behind the scenes. To this day, even after watching all the documentaties about the cause of the '08 crash I still believe the root cause was panic that cascaded to industries outside of housing and insurance. Smart enough investors would have counted and even promoted panic selling.