There are a lot of layoffs recently In the tech industry not just from Microsoft. Here are just a few,
343 Industries
Blizzard
Activision
Sony
Bungie
Embracer Group
THQ
Parana Bytes
Crystal Dynamics
Amazon
X
...and many more.
Additionally Microsoft will be shutting down the marketplace and servers for the XBOX 360 at the end of July. Get your digital non backwards compatible exclusives while you still can. If you need to buy the games on disk I would wait a while until the chaos dies down and the prices even out.