[SpicyLemonZest]

They're profitable, so it's not that they're trying to stretch out some fixed pool of money. One big thing that reducing costs can do is help them stay profitable as the economy gets worse, although that's not the only reason they might want to do something like this.

[elkos]

Are they profitable in the context of uniform standard accounting practice?

[SpicyLemonZest]

Yes, pretty strongly so. Their GAAP profit was $5.5 billion in FY 2021.