EDIT: I also would have tried to "get out in front of it" - 50,000 people's jobs don't become redundant overnight other than through wishful thinking on leaders

EDIT: I also would have tried to "get out in front of it" - 50,000 people's jobs don't become redundant overnight other than through wishful thinking on leadership's part. Everything you said was good, but this was what I liked the most. Management lives in the la-la land of denial for years and years. And then BOOM! Like a bolt out of the blue. That's management failure, they should have seen it coming, and reacted to it, years ago. It's one of the most important aspects of their job.