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An important update on Concord - Being taken offline September 6th, refunds to be issued
(blog.playstation.com)
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If it wasn't for hundreds of people likely losing their jobs it would be really funny that Sony's greedy, cynical attempts to cash in on the live service fad keep failing
Do they lose their jobs?
They delivered the product, they got paid for their work.
I can't imagine hundreds of people still working on the game beyond release. They'll probably move on to different projects.
Most big game corps just shutter studios, usually letting them know via the grapevine after a board meeting or twitter post...