What you said rings true. Had they offered SILs back in the spring, then offered various other voluntary programs, and then early outs, I might have been more inclined to help if the voluntary programs didn't save enough money. But the order of the various programs seems all backward - the GOAL seems to furlough pilots, rather than save money.
Who puts out a displacement bid BEFORE they offer an early out??
Now they have this bid they can't train, with a decent portion who were displaced on paper but now will be leavings before their displacement. So to keep the widebodies flying (assuming the senior people leaving are on wide bodies) they will likely have to put out an AE to fill the spots that they just got rid of.