http://www.pcgamer.com/telltale-games-lays-off-nearly-a-quarter-of-its-staff/

Developer Telltale Games, best known for episodic story-driven games like The Walking Dead and Tales from the Borderlands, announced today that roughly 25 percent of its workforce has been laid off. 

As Gamesindustry reports, 90 people were affected by the wave of layoffs. Before today, the studio was nearly 400 strong. Telltale says the layoffs will not affect any of its ongoing games. However, moving forward they plan to make "fewer, better games with a smaller team."