This company has been a complete mess since the latest CEO took over. There is absolutely no strategy for the overall company, different groups are either not communicating or are asserting their will (I am looking at you, Finance) in a way that does not reflect the market conditions, and morale is as low as it can get (watch Pearson prove me wrong.)
Management is a story unto itself. Completely clueless and completely uninterested in what is going on below them. Not surprised changes are being made on that level - IF they truly turn out to be on that level. We'll see, I guess...