This study examines changes at a large teacher education college in Israel and considers how teacher educators perceive these changes. The research tools included protocols documenting formal meetings of college decision makers, questionnaires distributed among the college teaching faculty, analyzed quantitatively, and in-depth narrative interviews with twenty faculty members, analyzed for qualitative content. Results point to two aspects of change: the declared aspect of the college decision makers and the perceived aspect of the teacher educators who must implement decision makers' policy. Findings indicate that the two aspects do not entirely coincide, though they overlap on some parameters, especially those related to the teaching environment and to the well-being of teacher educators.