Motiga has announced that it has laid off its employees and that Gigantic is no longer in development on Xbox One.
In a post on their official website, the studio indicated that although they are searching for investors and want to continue making Gigantic, they no longer have the sufficient funds to pay their employees until that time arrives. As a result, their employees have been laid off while the studio seeks investors. “While we intend to continue supporting Gigantic game services for as long as we are able, the reality is that a decision of this magnitude will impact all departments across the studio, an impact that will be felt by our community of beta testers as the services they depend on will operate without the key staff on hand to support those services”. 
Fortunately, Motiga still wants to not only work on the game, but rehire all of the employees that were laid off in order to do so. Often times, studios hire only a few back in an effort to save themselves money. Luckily, the employees still have a possible future at Motiga once investments have been secured. “Our goal at this time is to work aggressively to identify the resources we need to rehire the members of the Motiga family that were laid off today, securing our financial future so that the Gigantic community can continue to work with us to develop this title, and ultimately bring the complete Gigantic experience to the marketplace.”