I believe this “rumor” could be for real. Scary and signs of things to come in 2009.
At least MS has the class to wait until AFTER the holidays, unlike companies like Motorola which gave ALL its employees a nasty pre-Christmas 17-Dec letter (horrible timing) where they halted all raises/cost-of-living increases, suspended all company matching contributions to the Motorola 401(k) Plan, and permanently FROZE all future pension plan benefit accruals, and rather intimated at future layoffs to come. That’s a nice Merry Christmas.