I don't live in the US, so this is just asking.
The severance packages were an immediate expense. A 10% workforce reduction should bring lower expenses in years to come.
This is rage bait reporting.
The less tangible but important question is workforce efficiency. Government tends to have a lot of tribal knowledge not captured in written processes, or "if you need to do x you have to talk to y", and if y isn't there anymore will things get slower (as no one else knows how) or faster (as they were a roadblock).