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.
