Mark Jacobs, VP over at Mythic in charge of the Warhammer Team confirmed that there would indeed be layoffs in the near future but assures us that the game will go on and development will continue.  You can read the post in his consolidated Layoff rumor thread over at the official Warhammer Online forums but for ease of reference I have copied it...

Current Realm Population Bonuses +20% XP & +20% Renown Server Realm ...

Warhammer Online: Age of Reckoning  Warriors of Order and Destruction,  Welcome to the war-torn battlefields of the Age of Reckoning! My name is Destin Bales, and I'm the Live Producer for Warhammer Online. It's my job to ensure that we successfully make the transition...

Content Made additional fixes to resolve issues with the final boss of the 'Neborhest's Vanguard' public quest.

Items Sovereign Set items on the Renown Merchant now have the proper requirements for purchase.
 

Art and Animations Bats will now flap their wings properly.
Tweaks have been made to improve the animations of the Hydra.
Female Dark Elves will no longer appear to have distorted faces when in a sitting position.
...

Pressing 'R' will once again cause players to begin a reply to the last player who sent them a /tell.
Chat font settings will now once again save properly upon relogging.
User settings for graphical options will now save properly.
...

Warhammer has made the news over at MSNBC.  Check out the link below to see the post launch video talking up the game and the experience.  So far so good for EA's new feature product it seems.

See video here

500,000 New Player Accounts Created for Mythic Entertainment's New Fantasy MMORPG

FAIRFAX, Va. - September 26, 2008 - The Armies have assembled and the Worldwide WAAAGH! is Underway! Mythic Entertainment, an Electronic Arts Inc. (NASDAQ: ERTS) studio, today announced that in the first week since launch over 500,000 new players have registered for fantasy MMORPG, Warhammer® Online: Age of Reckoning™ (WAR), in North America, Europe and the Oceanic territories. EA's...

WAAAGH!!!

Can't get enough of Open Beta but you're ready to finally start your journey in the Age of Reckoning?

Starting Sunday, September 14th all Collectors Edition Pre-Order players will be invited to join us as we kick off WAR and officially end Open Beta.

On Tuesday, September 16th all Standard Edition Pre-Order players will join the ranks of Collectors Edition players as we prepare to release WAR to the world next Thursday, September 18th....

Beta 4.1 Producer's Letter - Open Beta  Hello Everyone,  Welcome to Open Beta!  This is a huge milestone for Mythic Entertainment and every member of our team. We can't express our excitement enough, and our energy level is without...