@Blickers,
On surface it does sound that way, but to be honest - I don't trust them. Our company has a reputation for layoffs - we have them usually twice a year. My boss was one of the last people who got laid off in that last wave.
So my thoughts were - they want to keep us around as long as possible to train the staff in India. We were told we (or some of us) would be training them. I do think those individuals impacted directly will short term be kept and moved to elsewhere. I also think that the company is hoping enough people leave the company they do not need to layoff. However, as more and more groups start moving people to India, there is in reality only going to be x number of spots. Eventually, if enough people do not leave the company, the only solution will be layoffs.
My other concern is now there is lack of growth potential. I already had to tell an employee the promotion position she was applying for (one in which I supported her to do so) was moving overseas. So now instead of promoting people we are either moving the position overseas or moving an individual from another group who's job was moved overseas.
<<dusting off the old resume>>>