Lot of disagreement on this, but I agree. Sure there are lots of hungry juniors wanting to join but the experienced talent Meta really needs will avoid this company. I work here and the good people leave to places with better cultures.
The fixes are unionization (solidarity) and forming worker-owned co-ops that emphasize stability, workplace decency, and fairness in TC. There can never be stability working for a corporation, only parasocial delusions of such. Worker-owned co-ops can be very lucrative and extremely competitive to join with very low turnover too... about the only downside is they don't scale to very large organizations* that should instead find and promote similar organizations to partner with on things.
* Which may not be ”bad" if one thinks like Richard Branson did on keeping organizations small, efficient, and nimble.
Layoffs have been the norm for the past four years. I don’t know if anyone who is looking at the job market really takes in stability seriously at this point.