https://www.forbes.com/sites/jackkelly/2018/12/12/is-verizons-voluntary-separation-a-plan-to-lay-off-an-older-generation-for-a-new-5th-generation/#31e4d1074253
In light of the outsourcing and voluntary separation plan, the remaining employees will be worried about what’s next. It's reasonable for them to think about whether their jobs will be moved to India, other lower-cost locations or eliminated in future downsizings. This doesn’t make it a pleasant and productive work environment to foster enthusiasm and innovation. Employees will have one foot out the door as they face an uncertain future with the company. Those who remain will be anxious, worried and lack motivation, especially since it was announced that Verizon struck a $700 million deal with Infosys, a large outsourcing firm, which will remove 2,500 IT employees from Verizon’s payroll and they will become part of Infosys.
I am posting this here since exactly the same dynamics at play in Macy's.