Why does quitting help?
Consider IBM. Their revenue is about 20% of its peak. It used to be seen as a monopoly power. Now we barely think about them.
I think that IBM has made itself an unattractive place for employees where it used to be seen as an extremely prestigious place to work. And I think poor quality employees, along with average to mediocre management has squandered an incredible, dominant company over the past 20 years.
Facebook will decline if all the most desirable employees just quit. It’s basically just math - those who know the most, interview best, and have the most accomplishments will be able to leave the fastest. Facebook will be left with the D team and they’ll get taken to the cleaners by competitors (as they already are with TikTok - and what’s the average age of the most engaged users of Facebook again?)
Anyway, the point is, you quitting hits a company in precisely the right place - their wallet. Employee turnover is tracked and costs companies money. Higher turnover does bring about changes.