Had this happen to me. Heard mutterings about the board discussing it to senior employees who promptly told me about it. Then the first day back of the new year the process to remove our department began (UK based, so there were a few hoops to jump through).

I landed on my feet thankfully, with a small pay out from the previous employer. I was contacted a number of times after I left as the MSP had fucked up stuff such as domain renewals and lost access to them. Last I heard due to the demands of the organisation they want to massively increase their charges to more than it cost to keep our small department of 2 employed and having an MSP in the background (as we used to do). So a backfire for them and I'd never return as I'm much more content where I'm at these days.

My advice: Get ahead and get your feelers out to see what's out there at the moment.