Silicon Knights has verified that a significant portion of its workforce has been let go.
The studio's CFO Mike Mays said that 45 employees have been laid off, with just under 40 workers remaining, according to the Financial Post.
This is slightly better than 75 per cent staff cuts reported by sources yesterday.
Mays explained that the redundancies were made following Activision's decision to cancel the studio's next project. Silicon Knights' latest game - X-Men Destiny - was released in September.