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New England Patriots cut Banta-Cain, Galloway, Alexander, and Matthews

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In the last 2 days, our New England Patriots have cut DE/OLB Tully Banta-Cain,  WR Joey Galloway, LB Eric Alexander, and TE Michael Matthews.  Where is Hoodie going with this?  By freeing up 4 roster spots (we haven't even factored in the potential departure of OLB Adalius Thomas) is he looking to move guys up from the practice squad?  Make cap space room for 1 or 2 high profile trades?

What gives?