Cost-cutting didn't seem to have played a role in this outage. They had a bad linecard in their out of band network that was somehow impacting the control plane of their devices. You can talk the pros/cons of how they built out their national Out-Of-Band (OOB) network, but you can't blame this outage on cost cutting.
You're simply bashing a large company that had a bad day. They might deserve your vitriol for plenty of other reasons in other cases, but you can't blame this outage on cost cutting.