That wasn't the main point of the article at all.
It's not that the staff were upset that there were going to be some business model changes (or even cuts in headcount). It's that the new leadership seems to have come in pretty cock-heaeded, and basically clueless as to how to deal with the existing culture there -- or just how to treat the staff as human beings, generally. Accomplished, senior-level people don't just resign en masse, and say things like this:
“Leon said he’s never seen any editor be so disrespected and dicked around--I’m paraphrasing--as Frank has been treated for the last couple of months,” said senior editor Julia Ioffe, describing the meeting Thursday afternoon in the newsroom, at which Wieseltier and Foer announced that they’d quit.
or this:
“It was cowardly, the way Chris and Guy went about this,” Ioffe said. “Media reporters have been calling for months, asking, ‘Is Frank fired?,’ and they’ve been lying to everybody, including Frank.”
or this:
At least the king in the Red Wedding had the balls to stab everyone in person.
— Ryan Lizza (@RyanLizza) December 5, 2014
for no reason.