According to a report from Tsumea (via Kotaku), Krome Studios is set to close on Monday.
The developer has apparently laid off all of its staff at its studios in Brisbane and Melbourne and will be shutting up shop on Monday.
Some staff, however, will be rehired as contractors to finish off remaining work on existing projects.
Krome made Ty the Tasmanian Tiger, Transformers: Armada and Game Room for Xbox 360 as well as the recent Blade Kitten.
Last year, the studio laid off an undisclosed number of employees across three studios as part of a restructuring process.
There’s more through here.