Microsoft is implementing widespread layoffs impacting up to 9,000 employees, significantly affecting its Xbox division. Several studios face closures and game cancellations, including Rare's Everwild and The Initiative's Perfect Dark reboot.

Microsoft is scrapping two upcoming video games, a reboot of "Perfect Dark" and the fantasy title "Everwild," in addition to ending development on several unannounced projects.

And all of this is after more layoffs and shutdown 18 months ago which closed Arkane Austin, Alpha Dog Games and the developer of Xbox’s best game in a while, Hi-Fi Rush’s Tango Gameworks, which had to be saved by another company.