The company has gone severely downhill over the last years and this is yet another step into lowering its stature and just another step to the lowest common denominator. Significant layoffs in US at this time (expect more to come) - seemingly little rhyme or reason.
Can confirm many other posts, continual reorgs (sign of issues), good people leaving, becoming a culture of CYA, changing comp. plans, "layoffs" that they are very interested at hiding at this time, management becoming more and more duplicitous, highly likely of new rounds of firings in the near future. Expect more of same moving forward.