Without Sean Payton, Mickey Loomis record is 32-44 right now

Loomis made a bunch of blunders. You could have paid T.Hendrickson but you chose to put faith in an oft injured DT who you traded two 1's for when Lamar Jackson was still on the board. Used a franchise tag on Marcus Williams who walked a year later, you got rid of Vonn Bell because Williams was balling out, 2 for 1 double fail. You traded CJGJ who was/is leading the NFL in interceptions, rather than trying to make it work for 1 more year and then traded him for peanuts. You let Malcom Brown walk who was an effective run stopper. Marcus Maye is a 100% downgrade and has not lived up to the hype thus far, now safety goes from a point of strength to weakness. Waited way too long to address the QB position knowing Brees was basically year to year. Hired Dennis Allen that went against league trends and also hired a guy who was bad in his first stop and no other organization was blowing up the phone to interview him.

The whole coaching search felt like a sham to the fans from day 1.
In a salary cap league you can't keep and pay all of your good players. On a stacked roster, tough decisions have to be made and sometimes good players get. Sure you could have paid Hendrickson or Williams, but that would have meant someone else leaving or getting cut from an area we probably couldn't afford to lose anyone from at the time.