He gets it, he hears it, but the expectations have changed and individuals will decide how to react.
What he neglected to say is that management changed the expectations, employees didn't and are not happy about the changes. And so he drones on, and spending more time with HR in explaining what the changes are. If you haven't been hiding under a rock, you know exactly how the changes in impact you. Management likes invest in these circular discussions without address employee feedback on how these changes are negatively impacting their desire to stay, do a good job, recommend the company to friends and family, etc.
Maya Angelou: “I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Mark my word, the demoralized workforce will find ways compensate losses, and will have way way bigger impact than these policy changes for cost savings in the name of competitiveness.