I am not sure what this CIO is thinking when large groups of key personnel supporting various critical applications and high-value projects are cut. But a small group consisting of all level 8 and above with no application ownership, who seem to be browsing the web all the time (or just gone) gets to stay on with no cuts whatsoever. Nobody really knows what they do, but they have lots of cool toys that most techies would jump at the chance to work on (if they don't do it already).
Yes - I am just jealous. I would rather apply my skills in autonomous vehicles towards whatever pet project AM has these guys doing instead of being laid off and wondering what to do next, but it is really nice to not have to worry about that next project.