And yet they keep making that money. I don’t see them “shooting themselves in the foot” (as much as I hate the way they operate, too). The metrics used by the bean counters drive these decisions.
I worked at on place where an HR bean counter realized they weren’t firing as many people as they could be. So they told management to increase the firing rate. The BS I saw…incredible senior management folks getting fired over made-up bullshit. Saw entire teams disappear.