People over profit in this case would have been cowardice, not courage. Some had to lose their job for others to keep theirs and for the product to continue serving their customers.
Would you respect a leader who refuses to make hard calls and sinks everyone aboard the ship as a result?
Also people buy databases to do serious stuff. They pay you money to trust you with their data. Being a serious company that makes the hard calls to protect your product is exactly what a serious customer needs.
FWIW I was part of these layoffs and I completely supported them. No glory in putting your head in the sand when people count on you to do the right thing.