There's no doubt morale is dropping and it was low before! There are problems everywhere you look these days, whether it's day to day operating issues, booking leave, getting back expenses, attending recurrent training in Hainan, bad hotels on the now large number of stopovers or crazy rostering.
So yes, I hear lots of talk about guys leaving - the Training Manager has resigned already.
As for anyone thinking of joining, think again. At interview you'll meet managemnet pilots but they have no power. The track record of the real management tells you that they will cut your T&Cs at the first opportunity and under HK Law there is little protection for employees. That's one reason why there are so many angry posts on "The Demise of Hong Kong Airlines". HKE/HKA management (they are the same people) cannot be trusted period.