Can't say I'm shocked, but awful timing.
http://www.develop-online.net/news/zenimax-reportedly-lays-off-300-staff/0214995
http://connachttribune.ie/games-over-for-software-giants-as-galway-loses-300-jobs-741/
edit - title update
Roughly 300 employees from the Irish branch of ZeniMax Online Studios have apparently lost their jobs.
The Connacht Tribune, a regional newspaper, reports that the firm’s business in Galway, Ireland has essentially been shut down, with the vast majority of full-time and contract employees let go.
The Galway office of ZeniMax served as a European customer services centre. The Tribune’s source suggest that a handful of employees – “around half-a-dozen” – have been kept on “to keep things ticking over”, and that the office may expand again in line with a future game release.
The Irish office was only opened in early 2014, ahead of the launch of The Elder Scrolls Online.
http://www.develop-online.net/news/zenimax-reportedly-lays-off-300-staff/0214995
http://connachttribune.ie/games-over-for-software-giants-as-galway-loses-300-jobs-741/
edit - title update