http://www.businessinsider.com/microsofts-employee-review-sy...
Laid off. Done en masse. I could do this for every company and it is exactly the same. No, they don't say "your performance sucks! You're fired!" In fact that would be a legal quagmire because "cause" is somewhat capricious when the reasoning is "doesn't fall in the top 90%". Which is why they settle with nice departure agreements.
Are there some people around here who were laid off and are trying to feel good about it? The reality of lay offs in most situations is that someone intentionally put you in a situation where you would be laid off. It wasn't just accident.