Mmm no. Rates are increasing and so cost of money. This means less "free" money to borrow for growth, so less growth. When you foresee less growth your shareholders will demand job cuts, otherwise the stock would tank. Then you start cutting projects and firing people. The ones that remain are overburdened by the tasks that were done by the ones that were fired. So they have to work more, under the pressure of being fired like their former colleagues. In other words, workers are paying for those stocks.

How you all are believing the narrative that they are "trimming fat" is beyond me. Google, for example, made profits into the billions (1 billion can feed 10000 families for a year) and still fired.