A commenter on the Brooklyn Paper's web site had a slightly different take:
El Sonrisas from Los Angeles says:
The layoffs were not exclusively of the team, most people from the Brooklyn team remain working for Gehry Partners. The layoffs were across all projects and all ranks. Most people from the Brooklyn project, whom still work at Gehry's, were simply relocated to other projects.
If that's true, it would be much easier for Gehry to reconstitute the team should the project get back on track (and he gets paid).