38 Studios begins staff layoffs

[Source] The inevitable has happened, and I am certainly not surprised at all. 38 Studios, the developer of the EA-distributed RPG, Kingdoms of Amalur: Reckoning and the upcoming MMO, Project Copernicus, has confirmed that layoffs has begun to ensure the rest of the employees were paid their salary. This comes after 38 Studios defaulted on their loan payment (although paid now) amidst severe financial constraints (link). Project Copernicus, a MMORPG based off Kingdoms of Amalur: Reckoning, is scheduled to launch June 2013.