UPDATE: Following reports of significant lay-off at Telltale Games and potential closure of the studio, the developer has now responded in an official statement.
“Today Telltale Games made the difficult decision to begin a majority studio closure following a year marked by insurmountable challenges,” the studio said, “A majority of the company’s employees were dismissed earlier this morning, with a small group of 25 employees staying on to fulfill the company’s obligations to its board and partners.”
In the same statement, Telltale’s CEO Pete Hawley said, “It’s been an incredibly difficult year for Telltale as we worked to set the company on a new course. Unfortunately, we ran out of time trying to get there. We released some of our best content this year and received a tremendous amount of positive feedback, but ultimately, that did not translate to sales. With a heavy heart, we watch our friends leave today to spread our brand of storytelling across the games industry.”
Source: Eurogamer The Walking Dead developer Telltale Games reportedly lays off the majority of its staff