If anybody blamed me for not being fully transparent about such things, I would tell them "welcome to earth." I remember the project manager at a past company I worked for said "In here, it's all about the end user. Our lives don't matter." He was right. The markets don't give a crap about you or your life in the same way it doesn't give a crap about the life of your competitors which you put out of business.

Also, omission of facts is not lying. There is no obligation for you to keep them informed about everything that's happening in the business. They can read their employment contract.