Unfortunately, like most issues to do with CX, it has turned into the biggest mess possible (that is the one constant in my career....major management foul-ups). Beginning back in 1988 with the localisation program, to ASL, the basing debacle, housing, staff travel, multiple different COS...etc etc...this company has written the industry book on how not to manage an airline. Now, with the cruel scythe of covid through our midst, the consequences of nearly all of those things together have combined to effectively destroy the careers of all their present staff. As you say, no one is happy and if the shoe was on the other foot we'd be equally upset.
The sooner the individual recognises the reality of what CX has now become, the sooner they can make a more informed decision as to their long term future. With the luxury of being at the end of the career, it is obvious that there is no real career left to be had in CX. It has become, and will remain an asian LLC with a more impressive name and reputation (that won't last over the long term however).
I truly feel sorry for all involved, as it really is not the fault of anyone other than a cynical and greedy Swire management cabal. Merlin and family have forgotten who really provided them with this fading jewel in the region, and it is on their heads that I place most of the blame. They and their sycophantic Swire "princes" have conspired to steal all value to themselves, and have cast asunder all the hard working employees that truly created this company.
The only decision to be made now is for each individual to assess where their long term interests best lie. I suggest it is no longer in HK or CX. MM