IGN is reporting "massive" layoffs at Trion. According to IGN up to 80% of the company is being let go and its employees are being escorted out of the building and that senior leaders from various Trion teams may not receive severance due to 'undelivered services'.
While Kotaku is currently reporting that the layoff numbers have been exaggerated, we believe that majority of these layoffs are related to the team behind "Rise of Nations". RIFT developers stated during today's official stream that the RIFT team is not affected by the layoffs.
Source - IGN