Titan has been officially canceled by Blizzard after a year and a half delay. Since around May of 2013, the developer attempted to "reset" the project by shrinking its staff down to a core group of thirty, down from a hundred. This team wanted Titan to embody their wildest ambitions, but they realized that it was not going to be fun. "Fun" is not the goal of every game, nor should it be.
If "fun" was the intention though, and it isn't, then you have a problem.
As for the employees, there does not seem to be any discussion of lay-offs. 16 months ago, when the team was downsized from 100 to 30, Blizzard claimed that its staff would be reassigned to other projects. The smaller, core team is not mentioned today at all, positively or negatively. Whether that is a good sign, and why it never came up in the inteview, is still unknown. Hopefully they will be transferred to an existing game or service, or work on a different, new product.