2K Australia is closing down. First noted by a number of sources and then directly by 2K themselves, the studio will be completely shuttered soon.

2K Australia is the studio behind Borderlands: The Pre-Sequel. They also had a hand in developing games like the BioShock franchise, SWAT 4, and Tribes: Vengeance to name a few. The reported reason for the closure was due to the high cost of operating out of Australia.

A move to Melbourne was tentatively planned for the studio, but this news caused many staff to leave. This may have also been a contributing factor in the studio's closure. 2K's official statement on the matter is as follows.

Best of luck to all of those who have lost their jobs as a result of this latest studio closure.

(via Kotaku AU)