Update 1: USgamer learned from multiple anonymous sources familiar with the layoffs at Telltale that employees laid off today will not receive severance pay.
Telltale Games is closing its doors for good according to multiple reports online. Telltale employees are also posting on social media that they are no longer employed with the company. An anonymous source familiar with the situation has told USgamer that Telltale's closure was going to be complete.
Telltale Games is a Bay Area-based video game company specializing in narrative adventures. The studio hit prominence with The Walking Dead Season 1 in 2012. The studio has since worked on video games based on Batman, Guardians of the Galaxy, and Minecraft.
In 2017, Telltale Games laid off 90 employees in a restructuring of the company following years of mismanagement. In our report following the layoffs, sources told us that following The Walking Dead Telltale suffered from a constant culture of crunch that pushed employees to release games as quickly as possible. In addition to overbearing management teams that oftentimes meddled in projects, the Telltale Tool proprietary engine was prone to bugs, making development even more difficult.