This sounds like an excuse not to do raises. They were happy to up the prices during COVID, and those have not come down even though the supply chain has settled.
I wrote a custom script for myself about two years ago to do the exact same thing! It’s still publicly accessible in my GitHub gists. I had no idea that others will find it useful.
I unfollowed everyone. Then I added a selective few to follow. I have tweaked who I follow and who I unfollow over the last two years to give me a balanced news feed that I enjoy. Basically twitter behavior but on FB.