Coming out of the sourcing townhall, it seems clear that 'leadership' is also reliant on 3rd party consultants to direct where the organization should go. They have no clear vision and direction. No proper planning and alignment was done before announcing the reorganization last year, resulting to so much mess and confusion. My guess is that 'leadership' just went ahead with what the consultants proposed, and they just keep going back to the drawing board when it doesn't work.
Perhaps the only plus side is that sourcing doesn't seem affected by the recent layoff announcement. But then again, the high attrition will naturally reduce headcount.