Layoffs save money. They work for that purpose. Perhaps the blog post assumes some other purpose. I am not getting it. This appears to be nothing more than complaining, not "real talk". But being published from a domainname like "thehustle.co", nonsensical gibberish comes as no suprise.
If the title was "Tech Companies Don't Work", then this might be a good segue into discussing layoffs. For example, layoffs could be evidence of so-called "tech company" dysfunction or mismanagement. But, for some, the "outlier amounts of money" suggest these companies do "work". If the companies survive after layoffs, then clearly layoffs do "work" for the purpose intended.
If the title was "Tech Companies Don't Work", then this might be a good segue into discussing layoffs. For example, layoffs could be evidence of so-called "tech company" dysfunction or mismanagement. But, for some, the "outlier amounts of money" suggest these companies do "work". If the companies survive after layoffs, then clearly layoffs do "work" for the purpose intended.