The Canberra-based studio behind the recently released Borderlands: The Pre-Sequel will soon be closing its doors for good. This won't be a downsizing or even a reshuffle, the entire studio will be closing with all staff being let go. As the last Australian studio working on AAA-games this is definitely bad news, with the high operating costs of developing games in Australia cited as the main reason for the closure.
2K released the following statement:
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.