Absolutely false. If any rumors are flying around, it's when the app window will open and how many they plan on hiring between now and next summer.
AA has been operating severel short handed for three years and counting. The only case I could see a RIF would be if they announced the entire Md80 fleet being parked. Heck even that would probably not require furloughs, that's how short we are.
No clue where that rumor came from Stetson, but I'd put its validity at zero.