If your name is on the list, and your manager confirmed it, s/he just gave you the gift of time. Assume it's happening, don't waste any more time thinking about who should have gone first before you do, and start making your plans.
Several vendor contracts were not renewed starting this past November due to budget cuts, though some vendors are staying to keep the lights on, make sure nothing major falls through the cracks, and because typically they are less expensive than FTEs (in terms of fully burden cost).
Slacker employees should not be employed by msft at all, but we all know many of them, and yes, the corporate system is not fair in this regards.
Pulled from +1lDjiXE4