but billion-dollar corporations are so poorly managed that they are on the verge of bankruptcy after a few weeks of reduced profits.
Billion-dollar corporations are
expensive. Electricity isn't free, production of... well, products... takes resources. Employees are nowhere near cheap.
That ol' adage 'you have to spend money to make money' is painfully accurate. It's part of why climbing out of poverty is such a pain in the dick, and why it's so very easy for the giants to topple.
Kinda like how elephants need to eat around 180 kilos of vegetation per day or starve to death.
And that's before considering
competition.
Thanks to the power of free markets, most companies are on the razor's edge of insolvency- on average, most American companies only make about 10 cents in net profits off of each employee per hour (with the bulk of exceptions in entertainment and medical fields).
The margins
must be that narrow, or someone else would come in, undercut your prices, steal all your customers, and drive you out of business.
Now, when you have a million employees putting in 40 hour workweeks, that's not such a bad deal... 800 thousand per day is nothing at all to complain about- it's almost 300 million a year. But it's not a 'steady trickle', it's a tempest in a teacup.
You have to spend about 100 million dollars a day (about 70% in employee wages and benefits, 30% in utilities and materials), to get 100.8 million dollars gross income back. Suddenly that 800k doesn't sound so impressive, does it?
What that means is even a 1% decrease in revenue flips you from black to red.
And most companies are seeing something like a 20-30% cut in revenues right now. Or worse, in some cases... the airlines are getting particularly hammered right now.
Or, at least, that's how it works in the USA. Other countries (especially ones without labor laws) may not play out quite the same way.
Not to say the common citizen isn't also getting fucked. Because they definitely are.