Am I reading to much into this?

[Stinkymum]

Since returning to work after having my first child, it appears there is some planned restructuring going on that leaves me feeling uncertain about the future of my role.

1. There are 3 members in my team including myself, the other 2 members direct reports is to be changed, along with job title and with I imagine a decent payrise on the horizon, but the actual role they fullfil looks the same, they will not be replaced by hiring new members into my team.
2. A number of tasks currently fulfilled by our team are to be shipped out to the Asia office
3. They are hiring a cheap and very junior role in to the team to pick up what is left.
4. My boss tells me this will free up my time to do more "sexy" stuff, but can't tell me exactly what that is.

I feel like they are making my role obsolete. But I maybe I am being paranoid. There doesn't appear to be any real plans for me and my future with the company.

I want to have a second child at some point, I was hoping to wait a year at least to get pregnant so I can get my feet back "under the desk" . But feeling as though there may not be a role for me in the future puts me in an awkward position, I can't afford to fall pregnant without maternity benefits, and I'm in my mid 30s, so going out to find another job, get settled in and being there long enough to claim mat leave is making me feel pressured that I must get pregnant sooner.

Maybe I am over thinking this?

You might be overthinking, or you might not. Only your boss can tell you, really, so I would suggest continuing to question how your role is developing and seek clarity.

If you get a sense things aren't looking good, you might be best to either try and get pregnant now, or to look elsewhere.