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.
We can confirm we have taken steps to begin the studio closure process for 2K Australia in order to better manage ongoing development costs while improving the working proximity of our creative teams. We are very grateful for the team’s valuable contributions to numerous 2K projects, and are working with affected staff to explore reassignment opportunities where possible.

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

(via Kotaku AU)