There's only one problem with the information said investigation dredged up: It's not true. There are no massive layoffs at Blizzard. So says Blizzard itself, via Community Manager Bashiok:
Fellow Community Manager Zarhym confirmed the lack of layoffs on his own personal Twitter account, saying that there's "tons of speculation based on false evidence." He went on to explain that the vast majority of people rumored to have been laid off showed up to work today.
So rest assured: The sky is not falling. Blizzard employees still have their jobs. Project Titan has not been cancelled. Ghostcrawler is still in the building. And despite what you may have heard from Mr. Feeney's grocer, Cory and Topanga are not adopting a 14-year-old Chinese boy.
Brace yourselves for what could be some of most exciting updates to the game recently with patch 4.3. Review the official patch notes, and then dig into what's ahead: new item storage options, cross-realm raiding, cosmetic armor skinning and your chance to battle the mighty Deathwing -- from astride his back!