Ok, regardless if are sick of hearing about furloughs, the reality is that it is gonna happen or some sort of huge reduction is going to occur. If you do not wish to read this post ..DON'T!!
I just completed a very lengthy phone conversation with the only two reliable person's in this company and quite frankly who have the information and need to know. Here is the scoop in a nutshell:

1: Situation is BAD right now...those were the exact words.
2: Talks with Unions occurring as we speak...early outs (60 rule) plan in effect. Soft numbers with the 60 plan involve approx 300 pilots, so if half take it that takes care of all if not most of "first wave" of cuts..exact quote again.
3: Approximate 2600 hours of reduction coming in Sept. (12 aircraft being parked) MORE in Oct. which may and most likely mean MORE asked to leave whether furloughs, cola's etc...these cuts are everywhere including admin an so on.
4: All of this flying which we were projected to get was based on Mesa scenario which now is going back to them...could be until 2009 before a decision is made on them in court...again their quote.
5:Captains most likely will be downgraded to FO's including me which by first numbers I will be on the bubble, however I was pretty much reassured I will be an FO by second wave in Oct.
6:Realignment bid will issued sometime in late July or early August to redistribute crews accordingly with flight schedules. CHECK YOUR STANDING BIDS!! If you do not have a standing bid for ALL categories, the system will put you as needed by seniority.
7: JFK which has 91 departures will be dramatically cut between 15 to 25 departures starting Sept., hence the realignment.
There was more but thats the nutshell. The major factor in these decisions are A: Mesa situation, B: Delta reductions overall....
There have been 8 strategy changes in 2008 including this one so all of this is subject to change as always HOWEVER HIGHLY UNLIKELY in this case based on the urgency and dramatic change in strategy model.
Summary, its gonna suck big time for many many workers here for awhile. Does it makes sense, not at all and they are frustrated as well. I'm just ****ed! lol! Take the information and prepare accordingly, nothing you or I can do about it except do our jobs for now. But this is very real folks I am sorry to say.