Are people backwards here or something? You're explicitly stating that you're not defending them, and you're completely right in what you're saying. A company can have record revenues and record losses (negative profit) in the same period. That doesn't mean meta and zucky are anything short of horrible, it means the headline is crap. An informative headline would be " reports profits and announces layoffs". Saying they have record revenues tells us exactly nothing about whether layoffs are justified or not.

Case in point: My buddy's startup had record revenues this year, more than doubled since last year, if they keep going at this pace they'll be bankrupt by this time next year, since their income is smaller than their wage expenses.