In case you missed the news, yesterday Microsoft's Xbox division announced the closure of four studios—which included Arkane Austin (Prey, Dishonoured) as well as Tango Gameworks (Tokyo: Ghostwire, Hi-Fi Rush).
The news came as a shock to an industry still reeling from thousands of layoffs in 2023 and 2024, seen as a cynical move that ran contrary to the vibe Microsoft wanted to give off with its acquisitions—more along the lines of Embracer's disastrous spending spree that saw many studios sold off or shut down.
