Change is inevitable, but not all change is good change
Pros
Great people, fantastic clients, a fine reputation, and forward, outside-the-box thinking. Continued generous support for certain events and team-building activities.
Cons
A wide-spread sense of fear and uncertainty; a declining sense of "we can make this work, somehow, someway". A perhaps unbridgeable gap in trust between staff and management. Little sense that management is committed to helping staff succeed. Understand that the CEO is an introvert, but then why fire the very extroverted COO who did so much to reach out to young and mid-career staff? We know the leadership cares for LMI, but why not share our successes (including our financial successes) more widely with the staff. As had been said elsewhere, the benefit cuts were widely perceived as tradeoffs for executive salaries and bonuses -- but those tradeoffs were never discussed honestly and openly. The LMI staff is not stupid, and we won't fall for just any flimsy cover story. Level with us, and we can at least decide whether to respect your candor; lie to us, and you'll lose all of your standing.