Well, I knew it was coming, and I'm still completely bummed out.
As of last night, friends of mine in R&D were remaining optimistic that cuts were going to be in areas of the company that Hasbro's infrastructure could take over: sales, marketing, accounting. Perhaps those areas were cut as well, but it certainly seems to me that they've gone deep into the creative areas as well. The list of confirmed laid-off "creatives" includes some of the most talented, hard-working people I've ever had the pleasure to know in my 15 years in the industry. A dozen people in the graphic design group came to work today only to be told they had no job as of tomorrow, including the people who worked on card games, Star Wars, minis, and D&D, including Art Directors and supervisors, people in design and editing, people who have been there and been work horses for the properties the company owns (Jeff Grubb, Skip and Penny, Stan!--who is one of the nicest people I've ever EVER known) and who have *people skills* (unlike certain of the remaining managers I could name). If the creative slack is expected to be picked up by the people who were moved up to management positions, I shudder to think what's likely to come out from the company; many of those creatives-turned-managers became managers because they weren't very good designers to begin with.
They've retained a handful of talent on the creative side, but just a handful, no more. I sincerely believe that Hasbro will not be satisfied with how the company is performing unless they can recapture the heady days of Pokemon and selling multiple hundreds of thousands of "core books"--something that will NEVER happen. Hasbro itself is creatively bankrupt (witness its inability to spawn a hit toy and how it continues to go back to the well by "reinventing" GI Joe or "new and different" Furby creations). Not only do these layoffs cut the creative talent of WotC down to the bone, they also weaken the company's ability to have those new "break out" hits that are seemingly required for the company to be perceived (on the stock market at least) as a success.
I'm sad for all my friends who got the axe today, but I'm sure in the long term they're better off without the Hasbro shackles. In the short term, though, my thoughts will be with them and I hope they all land on their feet and come out swinging.
Nicole