What are you 12?
You know absolutely nothing about about these people. You don't know what they do, how they do it, if they do it well, whether what they do is no longer needed. You know absolutely nothing about the situation, yet you know it is "disgusting"?
And what does this have to do with Christmas? Are they Christians? Jews? Non-believers? You don't really know, but you're pretty sure they should get raises.
I've been laid off twice. Once after buying a new house 4 months earlier and once while my wife was pregnant - I assure you that did not make the situation any better because it wasn't at "Christmas" time.
I have no opinion on these layoffs because I have no information. I hope these people land on their feet - I'm facing the same situation as them. However, I'm in no way asserting I have a right to employment because my big-ass defense contractor company made billions last year. If they don't have work for me, they don't have work for me, regardless of their profits. Plain and simple.
You might want to put a basic economics book on your wish list this season. Or maybe start your own business and then see how much your mind changes about evil employers.