UPDATE: We have received the following statement from Turbine:
Turbine is transitioning into a free-to-play, mobile development studio, and as a result we are eliminating some positions. The Lord of the Rings Online and Dungeons and Dragons online games will continue to operate as they do now. Re-focusing and reducing the studio size was a difficult decision for the company, and we are grateful to all of the Turbine staff for their considerable contributions.
Lord of the Rings Online and Dungeons & Dragons Online developer Turbine Studios is rumored to have undergone a round of layoffs. The information was posted to the personal Facebook account of former LOTRO Community Manager Rick Heaton. We have reached out to Turbine to confirm or deny the rumors and will report back when we know more.