There are layoffs happening at Irrational games to bring itself back to a smaller company and have a more direct relationship with gamers. I LOVED the bioshock series, especially the last game. It's definitely one of my favorite to date, if not my favorite. Seeing this makes me sad but at the same time, I think that if this is happening, they have their reasons and we can just expect an even greater experience down the line.

EDIT: added link