I have previously been with two bigger outfits. Both went down (one almost at least) because of arrogance of management. When success is clouding the top shot's minds and the middle level is drowsy of gobbling up the drugged crumbs falling from the top, nothing will happen to improve moral of the ones effectively working, even if their discontent and erosion of T&C's is evident, until the brown matter hits the fan.
EK is right there.
It's the old see-saw of life: When one seat is firmly on the ground, the other almost in the blue sky, it takes a huge shift of balance to reverse the situation. But if suddenly the weight on the bad side prevails, there is basically nothing in the short term to stop the balance shifting with a huge and loud impact. It then takes heaploads of energy, good will and even more money to bring the balance back to the good side. Mostly too much of all to prevent the demise of the outfit. QED.
The self appointed "leaders" around here all seem too greedy and arrogantly short sighted to counteract now. Again: QED during the last crisis in the region that seems to be reloaded. But the fact that too many employes start at least thinking of leaving, and even more advise their friends not to apply, at least for now, points at the weight starting to be no longer very much in favour of this region.
Our dear leaders are well advised to act because once the see-saw swings to the wrong side, it will stay there for a very long time.