Kotaku: "Xbox 360 manufacturer Microsoft is reported to be jumping on the cost-cutting bandwagon, according to reports from CNBC. Said to be pursuing "significant" savings measures, spokespeople say that reports of mass layoffs are greatly exaggerated.
Over the past week, reports from other sources, namely Fudzilla, pegged the Redmond giant as laying off as much as 17% of its 95,000-plus workforce, a figure that doesn't include contractors. Fudzilla speculated that the newly profitable games division would be unaffected."
Looks like Microsoft is aiming to make some profit adjustments but they prefer to say how much and how and not let the media to speculate the quantity.