The official corporate speak is that this isn't really layoffs. While some people (30 in total?) will be laid off at the end of the project it is a "consolidation' project and many of the jobs are relocating to other offices (cheaper rent and salaries in different areas of the company).

There are 40 people in our office that will be laid off including a number that work on our floor. It will not affect our department at all. Some will have on option so officially some will choose to terminate their employment rather than move to a different office. The date this all will happen is between now and the end of 2008.

I don't know who all this affects but I do know at least one person will likely end up unemployed. So while I'm not affected nor is my department it is still sad. We work on the same floor as a number of these people and every few months have a social type event with them (normally a potluck).