It’s been described in a brutal way:

At approximately 4:30PM today, Sigil employees were told to meet outside. At which point they were terminated. On the spot.

Did they tell them to stand along the wall before they got executed?

Do we have the movie on YouTube?

Only official comment from Nino (FoH’s mascot), on the FoH’s boards:

I will make an announcement tomorrow regarding my status…

That isn’t a denial of the news.

My guess is that SOE cherry-picked some of them and fired the others. They’ll probably pretend Vanguard is going to be supported at least to milk it as much as possible before its demise. After all SOE still has Matrix Online active.

In other news SWG team is made by 20 devs.