Sigil Games Online Employees Fired

F13.net is reporting that at least some (if not all) of Sigil Games' primary Vanguard: Saga of Heroes staff has been let go due to the MMORPG's lackluster sales.
...at approximately 4:30PM today, Sigil employees were told to meet outside. At which point they were terminated. On the spot. By whom? Doesn't seem to have been Brad McQuaid, if it was, nobody is talking. But that doesn't seem like something he'd do. But I suppose the executioner is irrelevant since most folks secretly want it to be SOE and it wasn't. As it stands, people were told to come back tomorrow to do their paperwork and some may get hired by SOE.

Does this mean that Sigil Games Online won't even exist anymore?