Entire company closing down for 2 weeks 2 days before Thanksgiving. Contractors get unpaid holiday. Employees without vacation time don't get paid either. No money for IT projects. Money to buy a company that had decade old technology.
Prepare for massive layoffs.
Management hides in offices all day and no one is in charge of anything.
Absolute old boy network that has never been anywhere else.
IT staff demoralized and making their own exit strategies.