Report: Funcom cutting 20 percent of staff, The Secret World delayed

According to a report from Norwegian news site E24, Funcom recently announced in a stock exchange briefing that it would be cutting 20 percent of its staff and, as a result, would delay the launch of The Secret World by a few months. Following this announcement, the company's stock took a sizable 18 percent dip -- as did our hearts, which became somewhat infatuated with the developer's mysterious MMO at the Penny Arcade Expo.

This news is somewhat confusing considering the company decided to open a brand new Montreal chapter earlier this month, where it was planning on hiring more than 100 people over the next year and a half. We've contacted Funcom to find out the reason for the cuts, and to see if this new studio will be affected.

[Via Edge Online]

This article was originally published on Joystiq.