38 Studios released the following statement to its employees:
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.
38 Studios had 379 full-time employees as of the 15th May. The developer had been working on its MMO, Project Copernicus. The MMO is obviously suspended indefinitely.