The developer behind Guild Wars has confirmed it is laying off an undisclosed number of staff.

In addition, ArenaNet revealed that it has recently scrapped development of a new game, and is in the process of restructuring, an initiative that is also extending to NCSoft, its South Korean parent company. 

Despite the layoffs, operation of the Guild Wars franchise is expected to continue as normal. There's no details available on the cancelled project, however, as ArenaNet never actually announced the game publicly.

'We can confirm that due to the cancellation of unannounced projects, ArenaNet will make staff reductions. This is part of a larger organizational restructuring within NCSoft in the west, but the Guild Wars and Guild Wars 2 game services will not be affected, nor is any upcoming game content canceled,' a statement reads (via VentureBeat).

While the exact number of layoffs is not known, Kotaku reports that a 'significant' number of people are losing their jobs. In addition, ArenaNet will reportedly offer two months severance pay to those affected by the layoffs, plus bonus time.

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