We are all in shark infested waters with no way out. If you cannot figure out how to get out with your dignity in tacked then you will be eaten alive working here with nothing to show for it. A tip for you, if you have to look for a job it is easier to find one while you still work rather waiting to be laid off.
Upper management will not say what is going on here because we are publicly traded company so they have to keep things under wrapped until it hits the press. No ifs, ands, buts about it. So get use to not being told jack shit about what is going on. Do what is in your best interest.