The announcement reads, “As part of the ongoing consolidation of Cyanogen, all services and Cyanogen-supported nightly builds will be discontinued no later than 12/31/16. The open source project and source code will remain available for anyone who wants to build CyanogenMod personally.”
So what does this mean for Cyanogen users? Basically it means that in the future anything Cyanogen-related, such as mods, will be 100% reliant on the community to keep it alive and active and up to date based on the latest Android builds. This also means that as far as Cyanogen themselves providing support, you can pretty much forget about it too.
Of course it is possible that CyanogenMod will keep living on and forging ahead despite this news as the community behind it is very strong and passionate, but basically it sounds like Cyanogen Inc.’s grand plans have pretty much gone up in flames.