Have you spoken to any PI, postdoc, or student, or literally anybody in the academia about this?
People will absolutely lose their labs over this, please stop spreading lies either intentionally or from a place of ignorance.
I agree with the other guy, usually funding is dispersed in months or years at a time, so this shouldn't impact anyone in a meaningful way (unless they're doing gain of function research, in which case their lab will likely stop receiving funding).