Downsizing but not downsized

More downsizing at work today. In July 2002 it was about 1/3 of the Designers. In Oct 2002 it was about 1/3 of the Managers. Today it was about 1/3 of the Directors and AVP's. I was not laid off, I didn't have to lay anyone off, and my boss was not laid off. Still, a bunch of good people went out the door. I feel terrible.