The team has just revealed news of layoffs at the studio, frustratingly because of the cancellation of another project.

"Essentially we were let down at the last minute by one publisher who we'd signed a deal with only for it to be canned before we even started. I can't say who," Bell told GI.biz, adding that the studio was talking with the publisher in question amongst others.

Thankfully, there may be a silver-lining for those staff affected. Bell recently formed a new mobile development studio with Slightly Mad co-founder, Andy Garton. Sounds like those staff being released are being rehired by the duo's new venture. Business, huh?

[via joystiq.com]