HI, if the affected cells die fast, you won't see them anymore, so your cell cycle analysis will give you results on surviving cells, not the affected (dead ones). Try to do a time course experiment, if you have cell cycle arrest before cell death it could give you some information.
If you find no evidence of cell death during the time course suggested by Michela and Reagan, it is likely that the treatment retarded cell proliferation (increasing the length of all phases of the cell cycle), thus decreasing the cell number at the end of the incubation.
To find out the exact cell death you should proceed with Propidium iodide Vs Annexin V assay, that will exactly determine the quantitative population of apoptotic population and dead cells (Necrosis).