"Like all companies"
No. What you mean to say is : "like all multi-billion dollar behemoths who have departments to waste money on".
Normal companies, like roadworks, construction and maintenance and, <gasp> accounting, they are not laying off. They are always on the hunt for new hires because they know what it is they do and they don't waste time and money with frivolous pursuits.
Your job is Windows, and now Azure.
You need 220,000 people to do that ?
No wonder updates are such a clusterfuck.