I do not have knowledge of any concrete facts about cuts and reorg and I am hearing from upper level folks that they are not informed too (at least that's what they are saying)... I am expecting the unveiling of buying 3.0 and the centralization of buying to GS.
My hunch is that they are going to open a large number of expat positions, keep the bare minimum of ABs here in the US, and layoff the rest of the folks. This is just my own take based on talks with peers and some more senior folks.