There is a reason to be worried. SLU has been working on its current curriculum for over 4 years. In fact, they were planning on continuing its expansion since it was considered a prized aspect of the school (better for student mental health). And suddenly they're expected to shift that drastically to a different type of curriculum? In less than half the time it took to develop the current one? It's not going to be an immediate change, especially within the one year time frame the current Dean is proposing.
In addition, there are 23 issues that need to be addressed, some administrative, some that need fundamental uprooting in order to turn around. That's pretty embarrassing to be revealed to be lacking in these regards. For comparison, Mizzou was also put on probation a while back, but they only had 4 issues. I don't blame people for wanting to look elsewhere since this news came out.