Employees understand the level of complexity it takes to acquire and integrate three companies, and it does not happen overnight. However it has felt like throughout the lengthy process, middle management is largely left on their own to help their teams navigate constant change and re-orgs, and promote "doing more with less".
Smaller perks from the acquired companies that made employees feel supported and valued (ex. company-wide mental health days, sabbatical programs) were removed, and generally it feels as though decisions are made with the company's profit in mind rather than the employee, which impacts morale and puts managers in a position of constantly scrambling to try to retain their teams.