pilotchute
No. The 25% reduction in crew numbers only applies to Long Range Ops. We still have Ultra Long Range Ops and Regional Ops. The crewing requirement for these hasn’t changed except for some flights to Australia and the Middle East which were crewed by three pilots under the old AFTL’s and can now be crewed by two under the new AFTL's.
Regarding the renaming of SO’s to Cruise FO’s, this is my educated guess as an insider. Everything the company is/has done in the last 18 months indicates this is where they are going and yes there may be a number of pissed off SO’s if/when this happens.