Microsoft Laying Off Up To 9,000 Employees, Xbox Cancels ‘Perfect Dark’, Gamers React Written by Bernard "Beanz" Smalls Published on July 3, 2025 ...

While Spencer isn’t retiring anytime soon, Microsoft is continuing its big cuts today that have affected Xbox studios and employees. Perfect Dark and Everwild have been cancelled, while Forza ...

The troubled Perfect Dark reboot is canceled and Xbox studio The Initiative has shut down amid devastating layoffs sweeping across Microsoft today, sources have told IGN.

The Initiative, the studio meant to revive Perfect Dark, has been shut down entirely. This all comes despite Microsoft raking in $25.8 billion in net income last quarter.

Microsoft has denied rumours of Xbox boss Phil Spencer’s retirement, although plenty wish it were true. Per the words of Microsoft Gaming CEO Phil Spencer himself, the Xbox brand has ‘never ...

The likes of Everwild, Perfect Dark and a new Zenimax MMORPG have been cancelled in the process. However, Spencer - Microsoft Gaming CEO - will remain at the company for now.