That's not the plan. It's much cheaper to offer a severance package than to let people quit on their own.
What happens is the good ones are the first to quit; the poor performance ones linger and stay on. They don't want that. That is why there is no longer a voluntary severance.
Your manager will tell you to opt for remote. Then in subsequent quarters they will pick and choose from the remote list as to who to keep or layoff.
It's a controlled bleeding and remotes will be first picks when possible