If the company fires hundreds or thousands of people and there is no visible dip in the productivity, is it really a bad thing? One thing that is baffling to me is that these companies can fire 10% of their workforce and they just keep on chugging without a hitch. The bullshit job phenomenon is the problem here.
How did you measure that? How long are you tracking it? How are you isolating other factors?
While you figure that out, what accountability does your organization have towards the hundreds of thousands of human individuals whose lives were just grossly disrupted and sent into potentially catastrophic strain?
Different societies have found different answers to the accountability question.
Whether or not the jobs were individually bullshit (almost all jobs are, as are almost all companies) has little to do with the conversation.