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Joystiq is reporting that both Big Huge Studios and 38 Studios have each laid off their entire staff. Last week, it was reported that 38 Studios had been unable to pay their staff salaries in order to repay a government loan. Joystiq is quoting a "source with knowledge of the situation". 38 Studios is the developer of Kingdoms of Amalur: Reckoning.
We'll keep you posted.
Image courtesy of Kotaku