Originally Posted by Unregistered

You can take it this way, as how each of us interpret the situation might be different.

There were only two options in the offer:
1. Accept their compensation package now and leave.
OR
2. To reject their offer and stay in company and hope that the ask to manpower reduction quota has been met and there won't be a round of retrenchment exercise.
(The compensation package will be worse if being called upon again on the 2nd time)