Sorry to hear about the redundancy. Sometimes I wish if there was an easier way of making organisations realise that they actually end up spending more than they think on the restructure in the form of consultancy costs. In the end, it is not cost effective as the outsourcing does cost more (in case an organisation is looking at outsourcing the ICT). It is only cost effective if a company has gone into administration. I have also seen companies often confusing restructure/re-org with redundancy and make the whole process unnecessarily difficult for themselves. Having said that, it is all part of an organisational maturity and learning.
Since 2012, I have been part of this new gimmick four times. I call it gimmick, as it is a new way of selling consultancy services by the Big Four, which is also benefiting the smaller firms. When I say part of it, it means the team responsible for managing the “restructure”. Rest assured that they will end up bringing people back in your position (and possibly others) in couple of years time
Believe it is a sensible decision and I am sure it is the one you will not regret.