According to various sources, Guild Wars and Guild Wars 2 studio ArenaNet is preparing to layoff staff soon. This is due to parent company, Korean gaming giant NCsoft restructuring as well, which is affecting all subsidiaries. An unannounced game project from ArenaNet is also cancelled. According to tweets from a current staff, management has yet to confirmed who are being cut, but has been transparent with the news. Last month, NCsoft also laid off staff from another subsidiary, Iron Tiger Studios. The studio was formed to lead NCsoft’s charge into the western mobile gaming market, but it has failed to launch a single game.