Wolfpack Studios - the developers of Shadowbane - is closing.

This according to sources at the development house who were recently informed that their jobs were being terminated. The last day for Wolfpack staff is May 15th.

Parent company UBISoft is said to instead be redirecting their company's focus to next-gen platforms.

At this time, there is no word on what this will mean for the future of Shadowbane itself. The game just hit its three-year anniversary and was recently offered free to all users.

In total, approximately 25 people at the Austin, TX studio have been left without work.

MMORPG.com will continue to bring you information as this story develops.

(Update 7:47PM EST: Sean Dahlberg, the Community Manager at Wolfpack, made the following post on his blog that confirms our original report. There have also been developer posts to a similar effect on the official Shadowbane forums.)