Quite sad news because these guys only did one game (Cursed Mountain)
"This decision is not easy for us," Koch said in a statement, going on to mention the current economic situation. Deep Silver Vienna's staff of 20 will be paid until March before being let go. It's hoped that some will land new positions in Koch Media.
Rumours suggest that co-founder Hannes Seifert has already secured a role at Square Enix Europe.
http://aussie-nintendo.com/news/21355/
This's the second studio closed this year (the first one was Core Design) but don't worry gaming industry is "recession proof".