UPDATE: The official statement regarding the closure of the studio has been included in the original article below:

Telltale Games is known for narrative-rich titles surrounding the likes of The Walking Dead, Game of Thrones, as well as The Wolf Among Us, Sam & Max, Tales from the Borderlands, and much more. While they have developed many fan-favorites, recent reports are painting a grim picture for the studio, as they have experienced massive layoffs.

The rumors began circulating when Telltale Games’ Narrative Designer Emily Grace Buck posted to Twitter in search of a job. Many friends and professionals in the industry replied with heartwarming best wishes, and even a few suggestions for companies to look at. Buck responded with the following:

Trying to keep up with my mentions and messages right now- thank you SO MUCH for all of the love. I’m devastated for all of us right now. Please reach out to all the former Telltale devs if you have leads, not just me. I need to take a breath but I’ll be back online later. ???

— Emily Grace Buck (@emilybuckshot) September 21, 2018

With the final season of The Walking Dead game and The Wolf Among Us 2‘s delay taken into account, it’s devastating to hear that Telltale is going through this. Unfortunately, things aren’t looking any better as reports are also stating that the developer could be experiencing a complete closure. Currently, a team of 25 remains, but we don’t know how long that will last.

This isn’t the first time the company has gone through layoffs, either, as last year saw 25% of the developer cut. This time is different, according to sources, as it is reported that everything post-The Walking Dead season 1 has been a financial failure.

Source says a big difference between the layoffs last year and these: nobody’s getting severance pay this time. Makes sense because it’s due to bankruptcy, but… god, I hope everyone there lands on their feet.

— Joe Parlock (@joeparlock) September 21, 2018

Telltale Games officially announced the layoffs, stating that positive feedback about their recently released content “did not translate to sales.” Here’s what they said:

pic.twitter.com/evqg5X98WZ

— Telltale Games (@telltalegames) September 21, 2018

Keep it tuned to Don’t Feed the Gamers as this story develops, and for other gaming news going on right now, check out the following:

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What say you, gamers? Are you devastated to learn that Telltale Games could possibly be closing? Did you see it coming, or did you believe they had their feet firmly planted on the ground? Sound off in the comments section below, and be sure to follow DFTG on Twitter for live gaming and entertainment news 24/7!