Epic Games is putting together a brand new studio in Baltimore comprised completely of former Big Huge Games employees. The team was part of 38 Studios before its financial troubles put the entire company in limbo.
While Epic Games President Mike Capps says that "there's a million things to work out," the plan is to have these employees work as contractors. All of this work will be remotely because these employees will remain in Baltimore.
Capps went on to say that the management of Big Huge Games approached them about the possibility of starting a new studio that would remain in Baltimore. He was particularly impressed with the fact that all of these employees wanted to continue working together as a team.
What the studio will work on is unknown, but at least they have jobs.
Source: GamesIndustry International