The employees were shocked.
Irrational Games, the developer that created the BioShock series along with a number of other critically beloved video games, was viewed, by a number of sources close to the studio, as closure-proof: It had pedigree, talent and — to the outside world — creative carte blanche from its parent companies, 2K Games and Take-Two Interactive.
When the studio's co-founder and president, Ken Levine, invited the team of nearly 100 employees into a meeting about the company's history last month, many were surprised to realize, as the presentation progressed, that this very history was coming to an end.
More than a half dozen individuals who worked for Irrational Games during the development of BioShock Infinite, some of whom were there that final day, agreed to speak with Polygon anonymously about their experiences within the company. Additionally, one employee agreed to speak publicly.
http://www.polygon.com/2014/3/6/5474722/why-did-irrational-close-bioshock-infinite
Wow... I suggest reading this, a very interesting look at what happened. Some of the comments are pretty interesting as well.
= new reply since forum marked as read