Those record profits are past looking and don't predict how future years will play out. Many tech companies over-hired and need to trim. For comparison, Google

Those record profits are past looking and don't predict how future years will play out. Many tech companies over-hired and need to trim. For comparison, Google just announced layoffs of 12k today. By Sept 2022, Google had 187k employees. This is up 68k from 119k in Sept 2019's or growth of 57% from pre-pandemic. The 12k layoffs today represent less than 17.6% of their growth in new employees since before the pandemic. Contrast with Mercedes Benz which had 152k employees in 2019 and 173k employees today, a growth of only 13.8% since pre-pandemic.