Telltale Games is closing its doors for good according to multiple reports online. Telltale employees are also posting on social media that they are no longer employed with the company. An anonymous source familiar with the situation has told USgamer that Telltale's closure was going to be complete.
Update: USgamer learned from multiple anonymous sources familiar with the layoffs at Telltale that employees laid off today will not receive severance pay. https://www.usgamer.net/articles/report-telltale-games-shutting-down-the-wolf-among-us-2-and-stranger-things-canceled
The company will retain a small team of around 25. According to multiple sources The Verge
spoke with, employees were let go with no severance.https://www.theverge.com/2018/9/21/17888162/telltale-games-layoffs-the-walking-dead