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.

As part of broader cuts to the Xbox division, Rare's Everwild and ZeniMax Online Studios' new MMORPG have been canceled.

Microsoft announce massive layoffs, including Xbox. Multiple games are cancelled, and rumors claim Phil Spencer won't remain at the company.