There are several blogs about that like the one that's dated 1/14/09 seen at http://news.cnet.com/microsoft-expec...ounce-layoffs/
But as soon as you turn around you hear something to the contrary.
"Mass Microsoft layoffs unlikely
Report refutes possibility of Xbox 360 manufacturer dismissing employees to cut costs
A new report has dispelled rumours that Microsoft will be laying off a significant portion of its workforce, claiming the company has other cost cutting measures in mind.
Following rumours that Microsoft was considering dismissing thousands of employees, CNBC reports that the company will be reducing its outgoings “through attrition and the non-renewal of contract employees, rather than through a rumoured sweeping layoff.”
The broadcaster’s Jim Goldman cited sources within Microsoft, one of whom claimed the speculation surrounding these rumours have been “grossly exaggerated”." http://www.mcvuk.com/news/32837/Mass...yoffs-unlikely
I tend to agree with the "grossly exaggerated" remark seen there.