For me there is no point in flattening an organization for cost savings and efficiencies if the same leaders making the same questionable decisions remain in their roles, and at least the same generous salaries and benefits as before. There are a lot of execs who remain but who should have been booted out the door for bad leadership and bad decisions for way too long. Their jobs and more importantly their titles and prestige and exec benefits remain intact.
But seriously, what big changes actually have been made? That we can try and cross sell products? That we have grouped our customer base? Is it just me, or does anyone else think it is embarrassing to say to customers that our big news is that we are now structured our business around our customers? As a customer, I would ask why I wasn't the company's focus before.
I have a job today, but in this environment, that means nothing. I'm keeping my options open because I expect that the best case scenario is that I'm paid the same and that I'll be told I'm lucky to have a job at all. All this flattening means zero career growth. They've set this up to reduce employees not just by laying them off but also making the environment so undesirable that we look elsewhere. Really demotivating environment.
Excellent point by @WvZcuUG-buik.