All Too Human - Jim Cramer Trusted Meta ...

  It's so human to want to trust. And in these chaotic economic times that's what getting some employees blindsided. The company says X and then does Y. The Y results in layoffs. Many of the workers tell me in coaching: I never saw it coming. They should have. 

However, workers should forgive themselves for not having researched and analyzed the conditions affecting their employers and the probability of a reduction-in-force - or of a quiet firing. 

Even respected stock analyst Jim Cramer admitted today on CNBC - here is the video - that he really goofed in trusting Meta. He says he should have trusted his own gut. After all, he has been in the business of assessing stocks for 40 years.

As everyone knows, Meta's stock price, which hadn't been doing well for a while, took a real tumble today. Right now (3:15 PM ET) it's at 97.94. That's down 31.88 points from yesterday or 24.56%. At this point it's a long way from the 52-week high of 353.83. The near future for Meta doesn't look good.

What Cramer said he should have picked up on is the excessive spending. 

What I hammer to professionals I coach is to pick up on signs that quiet firing is going on. They could be next and should be considering the Next if they lose their jobs. Reddit Jobs contains post after post about so many versions of how employers are purging the workforce without having to pay severance or having their unemployment insurance go up. Also conducting a formal layoff could tarnish their brand.

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