Savesamandmax.com had further details to report on this:
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Among the people let go were Sean Clark (Director of The Dig, Escape from Monkey Island and most recently Full Throttle 2), Robert Blackadder(Director of Jedi Power Battles and Gladius) as well as both the Lead Engineer and Producer of the late Sam and Max 2 game.
Mike Stemmle (Director of Sam and Max 2) is apparently still with the company.