It seems as though the owners (EA), are being realistic about this game and see that the problem with the game is in the basic design/model of the game itself. Voice over is a great idea on paper, but it's not enough to replace other aspects that make a game fun to play, and unfortuenately BW put all their eggs into one basket (voice over).
The game doesn't have a viable future that is worth dedicating the neccessary resources to it, as made obvious with the lost 400,000 subscriptions. This is why there are layoffs.
I wonder what if feels like to think you have a truly amazing and groundbreaking game that you've been working on for the past 8 years of your life only to see it fail within the first 6 months.
In my opinion, the top staff should have been fired before now for delivering such a poor job with the amount of resources they were given.