My company just got rid of the water cooler... it was apparently a subscription service costing the business $75 USD a week.
Last year our company attempted a merger the CEO and shareholders wanted but was pretty derided by industry experts and would challenge nearly century old Federal anti-trust regulations. We were almost immediately sued to stop the merger and its now been paused for more than a year, costing the company interest payments on the loans we took out to pay for it.
So far this year they downsized a whole department eliminating seven jobs including a middle manager type role, told us in not so many words that we were entering a period of deferred maintenance, and that corporate would be reevaluating cost of living adjustments for next year... the board is still planning stock buy backs and shareholder dividend payouts.
Management told us we have to cut back on "little luxuries" to which someone asked how the fuck water was a luxury. The economy is doing great!