This sounds like: we have to reduce headcount but we don't want to be seen having a "layoff." We choose, therefore, a headcount reduction strategy which we can

This sounds like: we have to reduce headcount but we don't want to be seen having a "layoff." We choose, therefore, a headcount reduction strategy which we can brand as something other than a layoff. We'll make it about "coming together" which sounds much better than, hey, the wheels are coming off the bus. This is just a layoff by another name.