Layoffs are coming. People that are saying they're not are either; lying, stupid or living with obama in his make believe socialist world!
Hang on and ride it out is all I can advise.
Upper management needs to man-up and fall on their swords for the poor management decisions. Everyone under them have done their jobs and contributed to being the right people doing the right thing. Upper management have failed the company and taken us into debt. That's what you get when you hire execs from other failed companies. Old SWN culture has been replaced with the failed cultures from other failed companies.