Telltale Games lays off all but 25 employees, announces 'majority studio closure'

UPDATE, 6:06 p.m. ET: Telltale Games has issued an official statement, which has been added below. Story has been updated throughout.

Beloved game studio Telltale Games went through a major downsizing.

The company went through a major round of layoffs Friday, dropping the size of its studio from about 250 people down to just 25 people as the developer moves toward “majority studio closure,” Gamasutra, The Verge, and US Gamer, and former Telltale employees reported Friday.

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Source: Mashable | Telltale Games lays off all but 25 employees, announces 'majority studio closure'