https://www.gamespot.com/articles/telltale-announces-majority-studio-closure-walking/1100-6461967/

Update: Telltale has issued a statement in which it confirms fears that the studio is at least partially shutting down. It does not address the specific fate of its games, only saying more details will be shared in the coming weeks. It reaffirms that 25 people remain with the studio for the time being, but it's unclear how long they will be employed. The full statement follows.

Today Telltale Games made the difficult decision to begin a majority studio closure following a year marked by insurmountable challenges. 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. CEO Pete Hawley issued the following statement: