It isn't entirely that.

Somewhat, sure.

It's also managers who tell you you're being laid off, but good news, not for three months. And, oh, by the way, if you leave early no severance.

And why are you being laid off?

Your duties are being offshored.

_You_ aren't being offshored because they need three people to replace you, but your duties are.

Ostensibly this saves money.