Director is really chill and down to earth, one of the best I’ve had in my working career and apparently they are consolidating a bunch of different divisions and regions into one… They said there’s a “bloodbath coming” Because They are consolidating across the company into one specific region and department. But there’s no way of knowing who will be affected
Depends where you live but it’s usually always best for you to wait for the company to terminate you. But definitely start lining up other options and if something feels good, go for it.
In my country you get severance pay which will keep you going for 3 to 6 months until you find a new job.