They know the team is going to lose ~25%. The truth is that we're already too small and lack experience. Too many knowledgeable people took the package and left the last time around.
My management is now purposely setting small goals to make sure they're all accomplishable to make us all look good.
It was said that we'll never catch up with the competition, but let's sustain and have a backup plan once we get layoff notices. My team and other teams are all operating in this way. We're all just expecting to fail and get let go sometime in the future.
I myself am lacking experience and also feel lost. There's really no one to guide me, and some of the foreign senior contractors are not very inspiring, but then it's not their job to be inspiring.
I learned about this forum because so many people come here to get their news and daily updates. We learned about layoffs here before it was announced internally.
I'm looking for another job myself, as I'm just a junior here and won't get much of a package. Not many jobs out there at the moment.