Having huge layoffs when interest rates rise is the precaution. Their revenue didn't drop so the only justification would have to be (playing their cards in the

Having huge layoffs when interest rates rise is the precaution. Their revenue didn't drop so the only justification would have to be (playing their cards in the wage increase/work from home tug of war) fear of not making payroll in a couple years if their debt laden customers did less business than before. (I don't think big tech's revenue is going to drop, to be honest, because so much could happen before it stopped growing.)