At some point the I didn't no defense rings hollow. That goes for everyone left at follett. The company has treated its employees terribly for more than 4 years now. If you don't think it has affected you, you're number is coming up. The only reason to stay is you think the people who've been affected have earned it. You're wrong.
If you didn't know, you know now. Time to freshen the resume. Time to evaluate skills. Time to truthfully measure your effectiveness. Time to get out in the job market. The market is great, but it's not as bad 2010.