It was fun to follow while it lasted. My condolences go out to the hard-working staff at Imagi.
UPDATE: According to this post on the Anime News Network:
"According to the Ming Pao Daily News paper, the layoffs are short-term and that the company is still operating on minimal staff as it continues to seek new investments. However, the newspaper also reports that company faces a critical decision next week on whether to be liquidated, depending on the outcome of investment talks. The studio underwent a round of layoffs before the Chinese New Year's holidays last year, only to rehire its animators after obtaining new financing to complete Astro Boy."