As the article says, there are several other USAF exchange posts being withdrawn, including the UK/US tanker exchange I am currently undertaking. It's sad and hopefully not final, but there are myriad reasons for the reduction, not just a lack of MOD cash.
Just take a look at the goings-on in China's back yard with naval exercises with a variety of nations to try to extend the US regional influence to counter the expansion of the Chinese. Just an example of how the US is rebalancing towards that theatre, but with that comes the redistribution of exchange programmes with countries such as Japan, Australia, Korea etc.
And how are we keeping our Navy and RAF harrier pilots gainfully employed, whilst keeping naval aviation skills or regaining cats and traps experience? The UK has created extra Navy and Marine exchanges in place of other, perhaps less in demand posts.
Makes sense to me, even if it is disappointing.
BTW, congrats on the command (and the cheesy pic) Bomber!