What you are experiencing here is a never ending and a way of life, creating employees anxiety, depression and worse. This type toxic culture always destroys families and individuals lives, it always leads to addictions, alcohol, dr-gs, mental and physical health problems, mental illness, divorce, spousal abuse, affairs, etc., etc. and always greatly effect your children. PIP and The never ending threat of layoffs are the key management tools to make the numbers, control employee behavior and in still fear and anxiety. You can always be sure layoffs are around the corner or coming with the annual 10% thinning of the herd via PIP and reduction in force cuts as the economy deteriorates. Now is a good time to find a new employer and better job.
This is too good to be buried in the replies. I hope @fvm+1cAYaAIY doesn't mind the repost, all credits go to him/her.