They’re also the ones constantly hiring and recruiting because internally nearly everyone benefits to having more people “under them”, and there’s a massive HR/Talent team that doesn’t go into hibernation after a 20% workforce reduction. Organizations want to grow, not because they need to but because it’s in the best interest of nearly all individuals still on the inside.
That's why it's so important that people get some stock compensation, so that when the stock goes up when they finally fire people the incentives are aligned.