You don't fire people if you anticipate a 100x growth. Who cares about saving 0.1% of your money in 10 years? You want to sell 100x / 1000x/ 10000x more .
So the story is hard to swallow. The real reason is as usual, they anticipate a downturn and want to keep earnings stable.
In other words, none of these stories make any sense, even if you take the AI superpower at face value.