Fellow co-workers, start applying outside if you have not already. There is a high probability of massive layoffs in the next 6 months. Only if the board decides to remove DavidH, it may give a bit of time but that will not happen right away.
I see that he will be forced to improve the returns to shareholders and will need to drastically cut expenses. Also unlike someone said in other threads, management won't be impacted as much. Most of them know how to save themselves in these situations.
The writing is on the wall. Don't be blind or be a fool.