I was a long time employee who was laid off with 100 other employees several years ago. It was difficult being laid off after all those years. Overall the company handled the laid offs badly, managers did a school yard pick as to who they were laying off. Long time employees were laid off while employees with a year or two of service were kept. At least the severance package was good.
My early years with the company were great, good managers, colleagues, opportunities for advancement and learning. However once the company had to start laying off staff the culture changed, and not for the good. It became a very negative and stressful place to work, never knowing when and if you would be laid off.
From what I have heard the company has not been able to recover from their many layoffs and the culture is not what it once was.
Sad to see a once great company fall.