The company isn't going under. Mark will provide the details later but the company is not dead, is not dying, and is not vanishing.
Downsizing is an unfortunate reality of smart business. WotC has downsized, numerous times. White Wolf has downsized, numerous times. Bigger companies than both of them have downsized regularly as well, numerous times. As Mark said, this is not doom and gloom. Mark will provide company-specific details but please get the facts straight. The company is not dead nor is it about to die. Tough decisions were made to ensure that. WotC and White Wolf lived on beyond their downsizing and I have all faith that Guardians will similarly continue.
Please, get the facts straight. Mark will provide more detail when he is ready.