a walk out would not accomplish anything more than putting those who did in a bad position for violation of the attendance policy. You give your manager an out to save another and they will take it. You can be terminated for violation of company policy which would move you down and someone else up on the list of who is let go and who is saved. As far as a PR hit, Just look at Walmart, do they look as if they are suffering for what negative press they have received in the last decade for their pay and employment environment practices. This is a multi Billion a year company, no one cares as layoffs are just part of US culture. there are no protections for employees in the country as in some of the European countries that make it unattractive for corporations to do layoffs. Stay the course, do your job and hope for the best but you should have your resume on Indeed right now and entertain potential employers until you know for sure. that is my advice as a prior Allstate HR employee let go many years ago. Best thing actually that happened to me as i have advanced my career faster in the 5 years removed than my 16 years there.