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

[Moren]

Kresnik said:

Apparently a tweet from one of Bioshock's designers:

Drama!

If this is indeed legitimate, perhaps it was Levine's influence that closed the studio after all.

I am still convinced that it was shut down for financial reasons, but this is interesting.