All the while, you have a leadership that continues to say "Everything is OK! This is good news overall for the company! Let's continue to work hard in solidarity with each other! We're one big happy family!" Its important for people (in general) to see past that kind of management bullshit, look at the numbers (profitability, customers etc.) and make a very informed decision about their future, lest they get caught unaware by "restructuring".
Disclosure: Obviously, a former Racker. Loved the peers I worked with and the company culture. Management was (is?) a total shit-show. I was lucky enough to see the future and take a better job before the company went private.