This is about all you need to know from the announcement.
“A key focus of this effort is supporting our staff members and finding ways we can continue to provide meaningful career and growth opportunities for our employees,” Thorndike said.
Cost savings usually involves, to some degree, eliminating opportunities for employee growth. It's also humorous to put the people in charge of each area to fix the mess that they created. Oh, they still haven't figured out how to fix the first focus team listed, Development and Alumni Relations. There's no hope if they don't already know the answer.