Trion Worlds confirms job cuts as part of company reorganization, says 80 percent layoff figure "definitely exaggerated"; development on Rift, future titles unaffected.

[UPDATE] Following the publication of this story, a Trion Worlds representative confirmed the cuts as part of a company reorganization. Development on Rift and the studio's other games is unaffected moving forward.

The representative also pointed out that the 80 percent layoff figure is "definitely exaggerated."

"To best position Trion in a rapidly changing industry, we have reorganized our teams and are expanding our free to play offering," the Trion Worlds representative said. "With Defiance, we delivered a great game that more than one million gamers registered to play and continue to enjoy.

"As we progress from launch to ongoing development of the game, we are adjusting our staffing levels to deliver new content and improved features," the statement goes on. "Rift, and our other titles in development, were unaffected by these changes. We are very much looking forward to the free to play release of Rift and are excited by the other new titles currently in development."

The original story follows below

. The site has heard that as much as 80 percent of the company has been let go.