Gameranx reported earlier today that Big Huge Games would probably be shut down due to the whole 38 Studios fiasco. Joystiq has now revealed that Big Huge Games and 38 Studios have laid off all of their staff. This news came an hour before a press conference was set to occur.
Things seemed like they were going to get better, but there was substantial occurences that were counteracting the good things happening it seems. Let's hope that the people who lost their jobs can recover.
Source: Joystiq