This is the way. Hopefully they learned from IKEA which instead of firing 8,500 support agents retrained them into interior designers.
Actually, layoffs are still happening tomorrow.
Meta will keep oscillating. Its an example of too much cash chasing too few ideas. Tomorrow Zuck will say solving quantum field equations are the future, and since they wont find more than 8 people on the planet with the skills, execs will start running around furiously producing all kinds of fake activty to validate the "vision". When the system turns into a money printer the 3 inch chimp brain looses all grounding. Humility is the first trait that evaporates. The Attention Economy has zero mechanisms of humility generation. Its a runaway halucination engine. And Meta will keep oscillating till that is fixed.
Not necessarily a bad thing, I'd rather see attempts at innovation or moonshot ideas than sitting on the cash. These are calculated business moves targeting ideas that have a reasonably high chance of success. Isn't Google's graveyard an example of too much cash chasing too few ideas?