Goodbye 38 Studios?

"The Company is experiencing an economic downturn. To avoid further losses and possibility of retrenchment, the Company has decided that a companywide lay off is absolutely necessary.

These layoffs are non-voluntary and non-disciplinary.

This is your official notice of lay off, effective today, Thursday, May 24th, 2012."

I'm simply in shock. Nearly four hundred people are now out of a job. What seemed like a stable working area has now instantly been turned into a desolate wasteland. I hope for the best of the recently laid off. At this point in time I really don't care about the status of the MMO 38 Studios was working on, even though now it's up in the air and its future is uncertain. I'm more concerned with the insane amount of people who are now out of a job. I hope you guys find another job soon. AggroGamer wishes and hopes for the best.