Krome Studios, which once upon a dream was one of Australia's largest video game developers, will allegedly shut down next Monday, October 18. According to Tsumea, several "credible reports" claim that all remaining staff have been let go, with some employees rehired on contract to finish work. If the reports are true, it isn't surprising, as Krome's collapse has been progressing in slow motion for quite some time.

Most recently, Krome worked on Microsoft's Game Room and released Blade Kitten. Request for comment from the studio have so far gone unanswered. We'll update when we hear something.

This article was originally published on Joystiq.

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