2K Australia, the developers of Borderlands: The Pre-Sequel, will be closing their doors permanently, leaving Australia devoid of its last AAA studio.

In a statement to Kotaku Australia, an inside source confirmed that the costs of operating in Canberra may be to blame, and that everyone in the studio would soon be losing their jobs. It certainly appears that “all hands are gone,” as the source indicates.

In a statement to Kotaku Australia, 2K had the following to say: