What if organizations couldn't fire people when the company didn't meet their numbers?

The Covid-19 pandemic has hit a lot of organizations hard in a way that they might never recover. Some of these organizations have chosen to let thousands of employees go just to make their numbers better. And it got me thinking, what if organizations couldn't fire people when the company didn't meet its numbers? Would they be able to come up with creative solutions to keep those people employed? Would they do things differently? Cutting employees should always be the company's last resort. Employees are the greatest asset of organizations around the world.