A mass layoff notice has gone out to employees at Bandai Namco Games America Inc. in San Jose, CA.
The first group of 37 will be laid off on 03/06/12, and another group of 8 will be laid off on 03/30/12. They're legally required to be informed of this 60 days in advance. (I've been monitoring mass layoff notifications for gaming companies in California specifically since those multiple Blizzard layoffs.)
Most recently, the San Jose office launched Soulcalibur for the iPhone, iPod touch, and iPad 2.
Activision, THQ, Bethesda.. this all happens around the same time every year. Right before their shareholders meetings. :)
* UPDATE (02/17/2012):
They're laying off another batch of 14 San Jose personnel on 03/27/12.
This brings it to a total of 59 layoffs during March.