In fairness they aren't a real company anymore, they are more like state apparatus/granted monopoly.
The profitability they embraced was derived from surveillance capitalism which comes from a money-printer seeing as the government is the one paying for it.
It was short-term up-front profit, followed by what inevitably comes after where they pay it back and more. They are laying people off because they wanted that short term profit more than they wanted to do business. There is a potential that they may chase this having the same dynamics as deflation, given that free money is largely no longer available suddenly (which pops the bubble).
The people making those decisions knew the laws and countries would catch up to them eventually but they still did it.
The profitability they embraced was derived from surveillance capitalism which comes from a money-printer seeing as the government is the one paying for it.
It was short-term up-front profit, followed by what inevitably comes after where they pay it back and more. They are laying people off because they wanted that short term profit more than they wanted to do business. There is a potential that they may chase this having the same dynamics as deflation, given that free money is largely no longer available suddenly (which pops the bubble).
The people making those decisions knew the laws and countries would catch up to them eventually but they still did it.