Going downhill - Analyst Client Solution Architects Employee Review

Just lost a major contact that funds 80% of their business which might make them go under. All employees on that contract were immediately let go. Even ones who have been there 10+ years. They are trying to remain calm and reassure everyone that they will bounce back from this loss but I'm weary. All year they reiterated how important the re-bid on this contract is. Not sure what's going to happen next.