Update: Sources tell us that all projects planned after The Walking Dead have been cancelled.
The original story is as follows:
A number of Telltale Games’ employees have posted on social media today indicating that they are looking for work, with many sharing both publicly and privately that Telltale has either closed its doors or is suffering its largest layoff so far.
We have reached out to Telltale for clarification, but did not receive anything back by the time of writing. It appears from the sheer number of developers that are seeking employment, however, that the company will have to make a public statement sooner rather than later.
Less than a year ago, the studio laid off over a quarter of its workforce under the auspices of a necessary restructuring plan while a drama-filled game of musical chairs for the company’s leadership played out in the background. Telltale has been saying in the time since that they hope to focus on quality over quantity and released the first episode of the final season of The Walking Dead just a short while ago.
Telltale had announced several other projects that might not see the light of day now, such as The Wolf Among Us season 2, Stranger Things, and Game of Thrones season 2. A skeleton crew of 25 employees reportedly remain to finish The Walking Dead, but new projects are unlikely to continue after. The remaining 225 employees have been let go.
We will continue to monitor this story and update as it develops.
Source: Game Informer Narrative Adventure Studio Telltale Games Essentially Closes Down