Looks like only the AC's are biting on this one. Regardless of whether it makes sense on a technical level, this is exactly what the bean counters and VP's are thinking. They don't care if the folks providing support know what FTP is, they have a contract and someone to yell at if it all goes south - and a mountain of provable cost efficiencies. If they're particularly smart, they will keep just enough dedicated talent on-hand to babysit during the transition offshore, chewing up all of their work/life balance for the promise of something better.
But don't worry, as one of those dedicated, talented people facing burnout, you, too, will be offered the ability to work from home when the dust settles. You can pat yourself on the back, knowing that you've done a good job for your employer, and that your work-from-home arrangement won't end the same way, right?