Better news? Microsoft Plans Cost Cuts, But Huge Layoffs Unlikely

Found this on the CNBC website ... far more promising news than what's been coming out of the rumour mill so far!

Microsoft will embark on a significant cost-cutting initiative in 2009, which might begin as early as this month, to offset a global slowdown in sales.
However, sources tell me the cuts will largely be handled through attrition and the non-renewal of contract employees, rather than through a rumored, sweeping layoff.

Now that's much more like it!