Was MSFT losing money and needing to reduce costs to survive, or did they just hire too many people over the past couple of years? I think it’s borderline embez

Was MSFT losing money and needing to reduce costs to survive, or did they just hire too many people over the past couple of years? I think it’s borderline embezzlement for a few dozen senior executives to use company money to hire Sting for a private concert in Davos in any event, but unless the company is straight up going broke, that’s irrelevant to the layoff issue even if the timing and optics look bad.