Kotaku has reported that 2K Australia has shut down. The studio, based in Canbarra and recently responsible for Borderlands: The Pre-Sequel, and before that The Bureau: XCOM Declassified, will be losing all staff and completely shuttering, according to Kotaku's source.
Increased operating costs in the country are cited as one of the reasons for the closure.
2K issued a statment confirming the rumors of the closure.
"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 affecting staff to explore reassingment opportunities where possible."