According to this Vancouver Sun piece, Radical Entertainment is to lay off 100 staff.
"Activision Blizzard is committed to making the best games possible and has elected at this time to reduce the number of titles that Radical is developing from four games to two," Leah Rubin, Radical's vice-president of human resources, said in an email. "Therefore, we will be proportionately reducing the size of our studio."
Two of Radical's projects - Crash's next game and Prototype - were confirmed as going ahead with the Activision Blizzard merger recently, but it seems as though the firm's Scarface sequel has been put out to dry, hence the redundancies.
More through the link.