@nprofile1q... I wonder if instead there's some ulterior motive here. Perhaps senior management wants to re-focus the university as well as save money, which makes voluntary redundancies a way to achieve both. They can pick who they let go.

If it was just about saving some money in the short-term, when our student enrolments are historically high, then losing this many staff and institutional expertise seems counterproductive.

(I don't like it either way.)