Crises are amplifiers of both positive and negative. I previously worked at a company in prolonged existential crisis, and while my team (working on a potential way out) and immediate management was great, there was a whole lot of backstabbing and irrational/incompetent/powerplay decision-making happening elsewhere in the continually shrinking org as people played musical chairs.

In the end, we delivered the project, but the company was acquired and everybody got laid off anyway...