2K Games has shuttered its Canberra-based studio, 2K Australia.
The studio was responsible for the development of The Bureau: XCOM Declassified and Borderlands: The Pre-Sequel.
The studio's closure joins a recent trend in the past few years of Australian games companies having a few issues, with companies like Rockstar Games shuttering Team Bondi.
2K Australia was founded when Ken Levine's studio Irrational Games, was purchased by 2K Games in 2006 and had its name changed to 2K Boston and 2K Australia. 2K Boston reverted back to the Irrational Games name in 2010, while 2K Australia merged with 2K MArin. Irrational Games closed shop in 2014.
A 2K Games representative informed CNET of the shutdown, stating:
"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.
Kotaku Australia reports that the cost of operating out of Australia was to blame for the studio's shutdown.