They will freeze salaries without any communication, pertinent information such as this has to be discovered through the grape vine.
If you work hard, don't go sick and reach your targets you might avoid a coaching plan. You might even become on of the 'chosen ones' but don't get too excited. You can land an offline role with ten times the workload for none of the benefits; no salary increase, no paid overtime and you can enjoy being micro-managed so you don't every really have any of the responsibilities you were promised when you became their favourite.
They'll bring in people from the outside to 'fix' the problems that have been swept under the rug for the last 3 or 4 years but really nothing will get done. A few 'motivational' emails will go out but honestly, all that has done is anger people even further.
If you don't hit your targets, even in a short space of time, you will be performance managed and they will work harder to fire you than to support you. I have seen people in the business as little as 2 months on coaching plans. It is frankly, disgusting!
Morale is the worst I have ever witnessed and it is not looking like it will get better.