[UPDATE]The Telltale Games board has issued a statement confirming the layoffs and seemingly confirming the studio will be closing in the near future.

Telltale Games, the developer of the popular episodic game series of The Walking Dead has laid off 225 of its staff.

The layoffs are set to leave the company with just 25 active staff, presumably just to finish the final season of The Walking Dead. It puts the second season of The Wolf Among Us and a Stranger Things series in doubt.

Telltale blew up in 2012 when its inaugural season of The Walking Dead received rave reviews and made a star of its protagonist Lee and his young ward Clementine. It then went on to make games based on Game of Thrones, Borderlands, Minecraft, and Batman.

It’s the second set of layoffs in a year, and given the amount being let go this time, it’s almost certainly looking like the end for Telltale when The Walking Dead: The Final Season wraps up in December.