Irrational Games are "winding down"; all but 15 staff laid off [edit: Gamasutra - Bioshock Infinite didn't sell enough]

[DaRev]

Sorry to see another developer go under, but that last Bioshock game was irrationally overrated anyways. Plus he decided not to make a WiiU version of the game, so serve them right. Another developer bites he dust from chasing those millions from the hardcore gaming audience.