I'd say that they're "cooking the books" as in: making it look like they're in better shape than they are by cutting costs, but causing irreparable damage to themselves that will manifest in the long run.
I've survived 3 layoffs at Spotify last year alone. Once I started working there It didn't take long to be proud and feel happy about it. Now, although people still find it cool when I tell them and I still do the same job (no workload increase), I know it is just like any other greedy corpo and I feel compelled to care less and less.