No, they're using that and RTO as an excuse for layoffs. They layoffs were coming inevitably from ZIRP going away. If you were a CEO and looking at that balance sheet would you tell investors "we need to shed workforce because we can't be profitable" or "we can shed workforce because we're cutting edge". Stop listening to CEOs whose literal job it is to make their company look good under any and all circumstances and start looking at SEC filing numbers.