Of course the public relations is all spin. Corporations do not have feelings. Individual managers may feel one way or the other. It is likely those feelings are highly rationalized by how the change affects them individually. Will they make more money? Will they take on added duties without an increase in money?

Some may wax la philosophie politique at times, but we tend to do that in the abstract when things are at an arms length.

At the end of the day, people made a choice between a corporation and a narrow group of stakeholders over employees and the downstream community influence of their buying power, likely a large group and certainly a different group.

You could argue in the long run it is better for society for companies to make these decisions, and many times that may actually be the case. But, in this one instance, when you place it all on the scales, they were not doing it to save a company or make its products and services more competitive in the market. There was nothing "existential" about it. They wanted to go from one profit level to a higher profit level for a certain group, and that is just what they did.