Gamasutra: "Redmond-based casual-oriented web game company WildTangent has closed its internal development team WildTangent Game Studios, resulting in layoffs of about 20 percent -- or 20 employees -- from its overall workforce.
The news was reported by Seattle-area site TechFlash, and corroborated by Gamasutra's own development sources.
Furthermore, Gamasutra has learned from those sources that company co-founder Alex St. John has stepped down from his role as CEO, but will retain his chairmanship. This is reflected in the company's official site, which now lists St. John as 'chairman and co-founder,' with Mike Peronto listed as CEO. Peronto previously served as COO, a role not mentioned on the page."