What do you want to bet that most of the people laid off are developers that worked on the most recent release from Rainbow? (MX vs ATV Reflex, I believe.)
Way to go, corporate overlords! It's so nice to see the games industry return to the pattern of big layoffs right after a release, most likely on the heels of a long brutal death-march. This is the kind of crap that keeps a lot of developers out of the games industry. And even just as a customer, it does not exactly make me want to send them my cash.