Cutting staff is not going to reduce their revenue for some time, and in the interim their profits increase and thus defends the stock price at a time the tech

Cutting staff is not going to reduce their revenue for some time, and in the interim their profits increase and thus defends the stock price at a time the tech sector is getting reassessed (valuations are too high, and need adjusting). The point is, it has nothing to do with having money in the bank to pay them.