Yeah, this seems like the business equivalent of a slap in the face to the original devs.

If anything the employees getting fired and the project being shitcanned adds another layer of social commentary

Still do not understand how this wasn’t hostile takeover.

Redundancy is very different to being fired though. When you’re fired you just lose your job and that’s it. If you get made redundant, you lose your job but get paid X amount of months worth of wages to make up for the fact you may be jobless for a while, while you look for a new one. X being different depending on both the countries laws and the company’s policies. But usually it increases the longer you’ve been with the company.