I will assume you are asking in good faith, so here goes.

What you think of as "profit" -- e.g. just some random, arbitrary, completely free bonus that Google should be grateful to have at all -- is actually the cost of capital for Google. It is a payment to equity, and the amount of the payment is determined by the interest rate as well as the time path of expected future earnings, adjustment for risk, and other factors. The presence of these other confounding factors often confuse people and make them think profits are arbitrary. They are not. Just because something is complex doesn't mean it is random.

Now when the interest rate increases, that required payment goes up, because investors always have a choice of buying a share of google or buying a bond, and if the bond pays 7%, then buying a share of google should also give you 7%. Now, that 7% could be taken as future growth, as a number of things, but it still needs to be competitive with the bond, which is itself set by government policy in setting interest rates for the economy in such a way as to limit inflation. So we see that companies paying employees a lot of money without actually generating profits is related to inflation. Stop and think about it.

Recently, the government has not been doing a very good job of this and has set the rates -- the payments -- too low, causing inflation to be too high. It's now trying to correct, raise the rates, and so the required cost of capital -- the required profits of companies like Google -- have to increase.

Now suppose Google doesn't do that, e.g. it says "these profits are enough and you should be glad to have them". What investors do is say "well, I'd rather buy the bond" and so they sell their google shares and buy bonds, and in this way the value of Google falls up until the profit rate (profits divided by market price) is compatible with the bond. Well, so what? If Google shares sell for a dollar, who cares, since all that matters is that there be no layoffs, right? Well, when the market share falls below the liquidation value of the company, investors buy up the outstanding shares and liquidate the company. But long before that, there are lot of mechanisms -- e.g. stock options, voting on the corporate board -- that are designed to encourage decision makers to be aligned with the interests of shareholders so that you generally do not see companies trading for less than their scrap value for very long. And this does not need to happen to the whole company, most will scrap unprofitable divisions and projects and not stick their heads in the sand and wait for the whole company to be scrapped. What's an example of a company that has a ton of unprofitable projects? Hmm, one such name comes to mind.

So now we see why, when interest rates go up, businesses struggle to increase their profit margins -- and those that do not go out of business. It is no different for the farmer that needs to earn a higher return on his crop when interest rates rise, so the business needs to earn higher margins when interest rates rise as well. The higher interest rates cause a reduction in investment, which generates a reduction in spending and they incentivize more savings (deferral of spending), and in this way they reduce inflation, which everyone is complaining about as it hurts workers' standard of living.