Lay-offs are not cool, but this can show lems that Sony is not the only one doing this, and this happens in the industry, good luck to all those who lost their jobs.
A Microsoft spokesperson issued us with the following statement: "At Xbox, our goal is to constantly create new fun, social and interactive entertainment experiences. As part of our commitment to this goal, we are always evaluating our development priorities, and there are times when decisions need to be made to realign plans and refocus our efforts. Microsoft Studios continues to grow as an overall organization as we focus and invest in key priority areas that will drive future profitable growth."
IGN wishes the best of luck to anyone affected by the sad news."