Think a few of us must have w*rked in the same insanity! My story is much like yours a great place that got stupid in the recession. When the new VP took over there were no management set deadlines! Instead an optimistic PM who knew nothing about the w*rk set a Target Date that quickly became a commitment.
I probably would have received a package, but I decided to transfer to a different area. Biggest mistake ever! Straight out of the frying pan into the fire. The group I went to sounded great, I had a lot of dealing with them before my xfer. What a group of idiots, there was a 73 yo guy with a bad marriage who was afraid of his wife and w*rked 80 hours a week to stay away from home. Dog gone if he wasn't happy with my OMY hours, the group picked up the attitude it went from bad to worse. I finally left about 6 months early.
Best wishes to you for the right answer in your situation.