This is probably all news to the younger crew but it has happened before back in the 80's during a slow down....
One section of the company was retrenching crew and at the same time another section was hiring crew....
Same old game and the best advice I can give is to go to work and enjoy yourselves....nothing you can do will alter the thought processes of those in the office.
They are doing their best to protect their own jobs but at the end of the day it is them who are really in the line of fire with Mini Darths cost cutting program...
Smile at them when you turn up for sign on and have a laugh as you get on the transport for the terminal....