http://www.theverge.com/gaming/2012/5/24/3041662/38-studios-lays-off-entire-staff

From the developing story:

Curt Schilling's 38 Studios laid off all of their employees today, a source familiar with the company tells Polygon.
The studio's financial turmoil first came to light earlier this month when they first missed and then later made a $1.125 million check to the state of Rhode Island.
Earlier this week Rhode Island governor Lincoln Chafee told reporters that they state's Economic Development Corporation had met with the studio to discuss payroll issues and layoffs.

edit: Sorry, I guess that would be "according to Polygon" if they ever get a website. ;)

Well, fuck. So much for Copernicus. That fucking sucks. Wasn't a big fan of Amalur for the most part but it's always awful when jobs are lost. Especially at a studio that had clear ambition and talent. They just needed to hone it.

Wow. I really thought they'd push through it.

I've never seen something die off so painfully.
 
This is just sad. Like the kind of sad when you find out that Santa Claus was real the whole time, but when it comes time for you to get a present, he smacks you in your face with his dick and skins your mother alive.

Joystiq says Big Huge Games have laid off all their staff as well.

It's a day of Reckoning. :(

woah that's rough, i hope things work out for the better for all those dudes

After seeing the rise and fall of Black Isles and GSC Gameworld, it's kind of easier to read this kind of news. And i think that's pretty much the only good thing about those two developers closing. This still sucks though.

Fuck, fuck, fuck!

Hope Rich and Ben come through this in the best way possible.

So when do people rush in here with unfounded speculation of Gallup coming to Giant Bomb?

Wasn't Rich Gallup in that studio? Wonder what he's going to do now.

Damn, it's always a bummer when a studio closes down. Wish everyone over there the best of luck.

Always sad when people lose their jobs.

Dose this mean that Rhode Island gets the Rights to the Unfinished MMO?

Just read about that. That fucking sucks dude.

I understood that they were in trouble, but I really thought they would be able to soldier through it. I'm so sorry for all of the people that lost their jobs.

We need a Kickstarter for Rich Gallup!

Well, Rich getting a twitter account, in retrospect, makes sense now.

@Dagbiker said:

Dose this mean that Rhode Island gets the Rights to the Unfinished MMO?

Yeah, I think they own Amalur now.

Wasn't Rich Gallup in that studio? Wonder what he's going to do now.

@Dallas_Raines said:

@Dagbiker said:

Dose this mean that Rhode Island gets the Rights to the Unfinished MMO?

Yeah, I think they own Amalur now.

Someone add it to the wiki.