Every firm does what is prudent for itself, but by cutting its spending it slows down the economy still further and thus hurts everybody, including itself.
Given the economic and political environment, it is still unlikely that Microsoft will get more than a slap on the wrist, even if ithurts more than the company would like.
It's the fact that it's financial - the bit that really hurts is that there is still coal down there that we can get, but due to financial constraints it's put an end to it.