I recently resigned as a Senior Director as I have been involved in the planning for a reduction in force and know that my team is being impacted. There is redundancy following the acquisition of Bard but that has only increased the number impacted as this reduction was already being planned. The acquisition is a huge financial commitment to Stock Holders and requires a substantial reduction in operating costs. As such, functions that can be outsourced will be, and teams will continue to become leaner (do more with less). This acquistion carried a much higher price tag than the CF of a few years ago. Therefore the cost containment measures will be much deeper and effect more departments and people. If you don't feel that you are on solid ground, it is wise to keep your options open and look for alternative employment. It's just a fact of life working for large corporations these days. Best of luck to all.
Moved from @OknWy0f-vpki for good info. Hope the OP does not mind.