You want the truth? You can't handle the truth! :-)

Those words weren't truth. Truth would have been to state the intent to fire employees in order to maximise profit. This was always going to be the outcome, and it was expected, why not just state it clearly?

Again, when truth becomes a grey area that is to be manipulated for maximising profits that benefit a minority of privileged individuals, we should be concerned and at the least, not normalise it with "its just business".