Correct. Whatever you drop a vehicle via shorter springs, the shocks are compressed that same amount.
A 2" drop spring will lower the frame 2" closer to the axle and the shocks will be compressed 2". It's just like hitching up a heavy trailer that squashes it all down 2". The shocks will then be 2" closer to bottoming out. They have lost 2" of their travel.
You can get shocks that have a 2" shorter body ("drop shocks") so that the shocks will have their full amount of travel. Or, you can keep stock-length shocks and get 2" extenders. These put the lower mounting point of the shock the same distance from the upper mounting point that it was before the drop. With the mounting points the same distance apart, it's as if the vehicle was never lowered so a stock shock will fit and operate as normal.
Of course, this is all relating to the rear. There are no extenders for the front to make up for a lowering spring since the spring rides on the "shock". To lower the front without losing any suspension travel, you'd use spindles or mount the strut to the underside of the control arm. Spindles have the least affect on the geometry elsewhere and will require minimal adjustment for the alignment. Relocating the strut mount under the control arm is super cheap (about $30 for the bolt kit). It also poses relatively minimal change to the geometry as it simply drops while remaining within the suspension's normal range of motion. Unlike using spindles, the control arms are cycled upwards a few degrees, so the ball joints and all are now resting at that position. For such a minimal and routine drop, I'd have to go with spindles. On that note, while the McGaughy spindles maintain the factory suspension's positions and geometries better than Belltech and the other brands, they "only" drop 1.75". The way they designed the spindle to maintain those geometries limited the drop to 1.75". If you want the full 2", you'll have to accept altered control arm and ball joint angles inherent to the other brands. I don't intend for this to sound like I'm bashing Belltech, DJM, or whoever else other than McG that makes spindles for these things. Just listing the facts so you can choose based on what's important to you. Actually, to balance the scales here, the McG spindles use a stud for the top center bolt of the hub assembly. You must follow the installation specs to the letter- no half-assing/"just make it really tight" is gonna fly. Too much or not enough torque and/or improper torqueing sequence can cause this stud to shear. I've broken one on each side while driving (on two separate occasions). When replacing the broken studs, I adhered strictly to their instructions and haven't had any problems since. I haven't driven it any easier, either.