It's ugly. Execs are panicking and putting extreme pressure on everyone below them, and it's going right down the line in management to the grunts. Managers are panicking because the big rumor is that the next big cut (soon) will have a lot of managers in it.
Nobody can accomplish the unrealistic goals, because customers just aren't interested. Period. So now anyone that has an opportunity, or call with a customer, is getting pressure from their manager to "include" them.
Managers are fighting over turf so they can try to be the one to avoid the reaper. It's very, very ugly inside.
The zombie RA'd employees from last round, who are here until June, are laughing at all of it and not returning calls from anyone or doing the turnover tasks required of them. They're the lucky ones.