38 Studios Closes, All Employees Laid Off

38 Studios, best known for developing Kingdoms of Amalur: Reckoning, has laid off all of their employees and closed down their offices. This includes the closure of their subsidiary, Big Huge Games.

The news came as a surprise to nearly everyone involved, including the state of Rhode Island and Governor Lincoln Chafee who during an afternoon press conference said that as of this morning they hadn’t heard a word about possible layoffs or a closure.

During the evening press conference Chafee attributed the sudden studio closure and financial plummet to their fist game: Age of Amalur: Reckoning, which he said “failed.”

Thanks the The Verge for the heads up, and best of luck to those affected by this massive and unexpected closure.