Our CIO has admitted there will be some firings and layoffs.
Also that he favors the flexibility of contractors over a constant stable number of developers.
And he doesn't like custom code that much.
There of course was a great many things answered with non-answers.

It was concerning that these things are happening in two weeks to a month period (god that might double that amount in real time).

Who knows - I might be out of a job... doubt it but possible.