Jellyneo has edited their Sad News http://www.jellyneo.net/
Edit: To clarify, no, Neopets is not closing anytime soon that we have heard. However, with all of the people who were creating the content gone, it likely will not be the same Neopets we've all come to know and love (and complain about ). You can't simply have new employees come into the mix and expect them to know how the Altador Cup works or who Dr. Sloth is without a lot of prep and training.
That being said, this post was made so that the Neopian public could be made aware of what is happening and decide on what they would like to do going forward. We thought that the paying customers in particular (Premium subscribers and NC buyers) should know this information and decide on what purchases they would like to make in the future.
Also:
EDIT: Neo users were posting on JumpStart's FB page and some were cursing. Apparently tons of wall posts that have to do with neopets (even polite posts) were deleted.