Bearing bad news for Age of Conan fans, Funcom today confirmed that it has indeed laid off a number of its US employees. The developer cited “ongoing cost-based efficiency and performance initiatives” to be the reason of the layoffs.

While the company didn’t reveal the scale of the layoffs, many are speculating that about 70% of the company’s workforce has been cut, with the custom service and quality service divisions seeing the most job cuts.

The company’s recent blockbuster MMO Age of Conan has been going through some tough times, seeing a sharp decrease in subscribers. Additionally, the game’s director left the project in September, citing dissatisfaction with the title. However, the new director has focused on responding to subscriber feedback, recently releasing a large, free update.