Tweets from George Broussard and Chris Roberts both strongly hint that the studio is soon to no longer exist, though nothing is confirmed at all.
The employees have been on paid leave for over a month now, ever since Epic Mickey 2 shipped to retailers. The employees are expecting to receive news of layoffs beginning tomorrow morning.
This is the second Austin, Texas based studio to fall on hard times. Last week Vigil Games was the first casualty, though their story may have a happy ending in the long run. Unfortunately, the same cannot be said for Junction Point.