Gameloft's Hyderabad studio based in India has been shut down according to sources who spoke with Gamasutra. The news broke when Gameloft was talking with investors that the company grew 27 percent in 2012.
250 employees have been laid off and were told to sign a letter that their resignations were voluntary. No warning was given ahead of time and all employees were told to pack up and leave. One employee who remains anonymous said the letter seemed "fishy" and many have no signed it.
The studio primarily ported games from iOS to Android.