Only to a point, if someone is good enough a smart company will reshuffle someone truly exceptional into another part of the company. Though one would have to be REALLY stand out in such a large company to get that treatment.
I think you're right -- I don't think this is more than a blip on the radar. However, when layoffs start happening, others start to think about leaving too, so it's far more than 60 developers in the end.
I'd be happy to be wrong, though.