Would be interesting to know what positions they're firing.

I bet it's yet again none of the project and management level staff. Since they're talking about "saying goodbye to a number of incredibly talented and dedicated team members", after they said "we made the difficult decision to restructure our studio to ensure our long-term sustainability".

So you have to fire people, but you fire the "incredibly talented and dedicated" employees. All this tells me is that projects they're working on aren't going to improve, if they ever get wrapped up even.