I'm wondering what goal (s)he is trying to affect. Is this to threaten the remaining staff to increase performance because there is lower productivity as a result of layoff, terms etc? If this is the desired result, I'd do my homework and have leading examples of what really works to increase productivity of EEs instead of beating them one more time.
Or is this a way to show that less people have to do more in order to support the mid-management level in their efforts to get people to assume more responsibility at the same pay, sometimes even having to work extra hours which affects their work-life balance. Or they don't feel comfortable because they don't really know how to do that job and they like to do a good job.
I'd try to get a better understanding of what is really desired and head it off at the gate with HR supportive documentation of what really works to acheive thta goal instead of publically shaming people who had dedicated their lives, time and effort to your company. Remember the EEs reading this newsletter are still friends with those who have been termed and they are EEs: meaning how it affects them makes all the difference in the world to their loyalty and productivity.
Good luck!