They purchased a company, have absolutely no idea what to do with it. Between failing to gain some insight into how a company works and interacts with it's customers, they started cutting people.
They let go of most people that had all the knowledge and customer relations, only to turn around and constantly tell the masses that they were let go for "unprofessional" reasons. Funny how those let go, was informed that it was due to financial reasons and they were also the higher paid engineers.
Everyone left employed, has been ignored when voices are raised with concerns.