Microsoft is closing down Xbox studio The Initiative, with Perfect Dark killed as well — joining Everwild and ZeniMax’s IP, and other unannounced projects
As an analyst, I’m reporting that Microsoft has announced a significant round of layoffs impacting approximately 4% of its global workforce across all divisions. Regrettably, the Xbox division appears to be bearing a substantial brunt of these cuts, with employees from various departments receiving termination notices today. Among those affected is the Xbox studio The Initiative, which unfortunately is being shut down.