Been working for the company for almost decade. This by far the most painful period with amateur process to lay people off. The process varied and it was confirmed that on some departments people will escort it out despite of the confirmation that this will not be the case.
I know some good managers who were shown the door and give them until of the week. Shamefully these were some of the best people I worked with. The criteria is differently rigged. I personally hoped to be on the list but I was not. Surviving the first round doesn't make me feel better about the company. The measure used are terrible. I saw friends walking out of the door after decades of service not because it is time for them to leave or that they are not able to offer more but because the company decided to do so. Not aware of any LLs demoted yet (maybe in the next couple of weeks). If you demoted please take a moment and realize you technically were on the list, the demotion is their way to force u out without paying u (force someone to quit). It is indeed humiliating. Nobody should be demoted without a cause.
I wish best of luck for those who still have to stay through thing until June (and per Jim email they were n't really be done when this is over). The company has indeed destroyed its culture with this lousy process. Surviving this would make people just look to do "the job for the pay check". If you get chance to move to another job in another company take it. This layoff have proven nothing but that loyalty doesn't pay off.
Best of luck all