Is this really true about Chord Overstreet?! (Possible Glee Spoiler for season 3)

Yes... sadly he won't be returning next year. But Darren Criss (Blaine) and Harry Shum Jr. (Mike) have been promoted to regulars.
My source is
link

We don't know for sure he won't be on the show anymore, all we know is that he hasn't been promoted to full-time series regular just like Darren & Harry have been, but it doesn't mean he's getting kicked out of the show, some sources said he could be an occasional guest star.
But one true thing is that he won't be there as much as he's been last season =/ Unless the writers change their mind because of the fans' reactions about it, but I don't really think they will ><

I dont remember who cuz I just looked real quick and it was my mom flipping through it so fast lol but according to that, yeah he is

First of all, I had no freaking idea his name was Chord Overstreet. That is the most awesome name I have ever heard in my entire life.

Second of all, Nooooo! Why is he getting left!? Why wasn't his contract renewed!? Sam just started a relationship with Mercedes, and now he leaves!? That's so not fair.

:((((( im so sad right now... I love Chord

Sadly, it's true. Chord Overstreet is out, but he may return occasionally. But Blaine Anderson and Mike (Forgot his last name) will be regulars in the third season.

there has been more updates on this and apparently they want him back due to the fans... we are the reason he may be coming back to season 3... woot :)