(UPDATE 2!!) According to USGamer.net, the skeleton crew will be working on finishing Minecraft Story Mode for Netflix and not the Final Season of The Walking Dead. Information regarding refunds to those who bought the Season pass is currently unknown.

(UPDATE!!) Telltale Games made it official with the statement below:

We would like to wish all of those impacted by this unfortunate event the best of luck in their future endeavors.

(Original story)

MAJOR BREAKING NEWS! After laying off 70 employees last November, it looks like Telltale Games will soon be closing their doors.

News broke online when former employees began posting that they were let go with no severance pay. Word is that the company his filed for bankruptcy and as a result is closing down. 225 employees have been let go.

A supposed ‘skeleton crew’ of 25 employees will stay to finish the final season of The Walking Dead. All other future projects have been canceled including The Wolf Among Us Season 2 and Stranger Things.

Telltale Games has yet to comment on this major development. We will update this article as news continues to hit!