I've worked at three major oil and gas companies that have all been through layoffs countless re-orgs and each had a general sense of uncertainty towards the future as the markets fluctuated. XOM was by far the worst at managing those factors. I have never seen a more toxic culture where executive management and rank/file employees were so disconnected and at odds with each other. This company lacks leadership at every single level.
Nobody can expect a job for life or to go through uncertain times without some organizational changes and force reductions. However, people should expect a level of respect from their executive leaders and not be treated with contempt, at times. We're all adults and most people can handle tough conversation so long as you're up front and transparent with them. Being intentionally vague and working things behind closed doors just drives the wedge further and further and there is zero trust in the workplace.
Perfectly said by @yio+18SKeKSS.