Cramer: Meta layoffs show Mark Zuckerberg 'got religion' on costs, but he must cut more

The announcement Wednesday from Club holding Meta Platforms (META) that it's laying of astir 13% of its workforce, oregon much than 11,000, employees, is simply a motion to america that CEO Mark Zuckerberg, successful the words of Jim Cramer, "got religion" erstwhile it comes to trying to get a grip connected the company's retired of power costs. While we instrumentality nary joyousness successful radical losing their jobs, we would similar to constituent retired that the severance packages look to beryllium generous, and we anticipation they tin blunt immoderate of the stroke for those unfortunate to beryllium included successful these unit reductions.