"Transformation" another way of saying "You're fired"

ABC News plans to cut several hundred jobs in its news division, first through buyouts and then layoffs if necessary. ABC News president Drew Westin has recast the shrinking payroll as a "fundamental transformation" of the news division.

From NPR:

Westin said it was important for ABC to seize the moment as an opportunity to redefine how it operates. Instead of maintaining expensive gold-plated bureaus dotted around the globe, ABC now relies on digital journalists in eight foreign countries who can record footage themselves or work in concert with a crew on assignment. It has added several digital national reporters as well.

I hope they're the right eight countries.