Funcom Lays Off 70% of U.S. Workforce

Ten Ton Hammer is reporting that Funcom handed out pink slips to around 60 of its US-based employees over the weekend.
Rumor has it that Funcom fired about 70% of their U.S. Workforce today. Sources say that they were released this morning, the cuts are mostly in the Customer Service and Quality Assurance departments.
They've since followed up the report with confirmation from Funcom:
We did have some staffing cuts at Funcom this week as well as new positions opening in the organization as part of our ongoing cost based efficiency and performance initiatives that are vital to any business.
Will Age of Conan become the next Tabula Rasa?