If your company (A) was just bailed out by another company (B) because company A's projects were hemorrhaging losses then something needed to be done. If the leader of company B decides that a shift in work schedule to see if working every business day will improve the poor project execution than so be it.
The reality is that company B provided company A a very much needed lifeline. I hope company A people can see this and be thankful for the chance to turn things around. I can see where the location change can be hard on some people but having a HQ in the woodlands for this kind of business was poor vision.
Change is not for everybody but it is here. No better time to measure your self worth.