Last year, Microsoft slashed almost MERAHTOTO 2,000 jobs from its gaming division, affecting employees across Xbox and Activision Blizzard. In the same year, it also shuttered a trio of ZeniMax game development teams after having acquired the video game holding company in 2021. This will be the fourth round of cuts at Xbox in the last 18 months. These layoffs come against the backdrop of Microsoft’s $69 billion acquisition of Activision Blizzard in October 2023. As part of today’s layoffs, several games, including Rare’s Everwild, have been cancelled and The Initiative, the Xbox studio which was producing the Perfect Dark reboot, has been shut down. From the latest consoles to PC gaming and mobile games, we cover it all.
Windows Central reports that Perfect Dark developer The Initiative will close as part of the reductions sweeping the company, and its revival of the 2000 first-person shooter game has been canceled. “We continue to implement organizational and workforce changes that are necessary to position the company and teams for success in a dynamic marketplace,” Microsoft spokesperson Jeff Jones told WIRED. The company says that although gaming is impacted, it does not make up the majority of layoffs, and these cuts will affect people in different regions, tenure, and teams. Following rumors of reductions that first began last week, Microsoft is set to lay off more than 9,000 employees worldwide Wednesday, including some in the Microsoft Gaming/Xbox division.
He covers all aspects of the industry, from new game announcements and patch notes to legal disputes, Twitch beefs, esports, and Henry Cavill. Today we are sharing decisions that will impact colleagues across our organization. Out of respect for those impacted today, the specifics of today’s notifications and any organizational shifts will be shared by your team leaders in the coming days. Stay ahead of the curve with the latest video game news from Hold to Reset.
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Built by beat ’em up aficionados DOTEMU, it looks pretty tight. Following the success of the first game, Mundfish is back with Atomic Heart II, with a greater emphasis on RPG mechanics according to Geoff Keighley. Section 9 which formed from the developers of Little Nightmares has debuted their new game, dubbed End of Abyss, which looks fantastic. I exclusively revealed Project Kennan a few weeks ago here on Windows Central, but it has yet to be formally revealed. Microsoft and our sources suggested to us that the Black Myth Wukong delay was the result of some form of exclusivity deal with PlayStation and Sony.
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Hold to Reset delivers top-tier gaming news, reviews, and expert guides. Elevate your gaming experience with the latest updates and strategies for your favorite games. Microsoft’s layoffs have impacted several Xbox teams and first-party games. Next year is the 25th anniversary of the legendary survival horror game, which kicked off an entire genre. Capcom says it’ll only be “the blink of an eye” before we hear more about what’s next for Resident Evil … Gaming news, reviews, and interviews on all your favorite video games.
The revenge flick is being developed by a single developer, and is coming to Steam next year. The legends at Capcom have shown a new trailer for the Onimusha reboot, dubbed Way of the Sword. It looks absolutely fantastic, with tight hack n’ slash combat, and a 2026 launch window for Xbox and PC.
Get the most important global markets news at your fingertips with a Bloomberg.com subscription. A recent announcement marks the end of an era for not only The Last of Us TV series, but the franchise as a whole. Pokemon TCG Pocket’s reign as the most profitable mobile game comes to an abrupt end amid the rise of an unlikely challenger.
Save up to $425 now and tap into powerful takeaways, peer insights, and game-changing connections. Backyard Baseball 2001 is getting remastered for Steam, iOS, and Android as Backyard Baseball ‘01, releasing July 8th. While the PS5 Pro may get crisper graphics in 2026, PlayStation architect Mark Cerny says his next console won’t come that quick.
Europe’s biggest game developer conference will again offer a wide range of events and sessions for international game developers, publishers, and service providers. From this date, players will no longer be able to earn gold points on digital purchases. The platinum coins earned by completing weekly challenges and claimed against physical rewards and icons for Switch profiles will continue. Nintendo has given interesting caveats to the removal of the My Nintendo Gold points scheme.
Sony is set to release a major update for the PlayStation 5 Pro in 2026, which is expected to significantly improve performance. EA’s leadership has reportedly set a target of 100 million players or more over a set period for the next mainline Battlefield. In its statement, while Techland didn’t confirm its cancelled projects, it did mention that none of its developers had been laid off.
Here’s all you need to know to solve today’s game, plus my commentary on the puzzles. Xbox Game Studios head Matt Booty had to reportedly pull the controller away from Spencer when he tried an early build in March. Electronic Arts is officially sunsetting BioWare’s disastrous looter shooter, having removed it from online storefronts. Reports indicate that the simulation-styled racing franchise has been cancelled along with Turn 10’s getting hit by massive cuts. The Warbond Token allows players to pick any premium Warbond of their choice rather than being stuck with Steeled Veterans.
The boundaries between console and virtual reality gaming have just been spectacularly… Season 3 of The Last of Us is confirmed, but not everyone’s staying on board. Love and Deepspace’s new event boasts a companionship system overhaul. Anthem will be removed from the EA Play library on 15 August, 2025, ahead of its full server shutdown in January 2026, EA has confirmed. The revamped ESL Pro Tour aims to provide structured competition for Dota 2’s Tier 2 scene. PlayStation has opened up a thrilling opportunity for the convenience seekers of gamer land by announcing Apple Pay as a payment method in the PlayStation Store.
Even a product lead for Xbox Family and child safety has been laid off. Approximately 9,000 employees have been laid off today at Microsoft, including within the gaming division. Everwild, which was expected to launch with Game Pass for Xbox Series X/S and PC, was a new, original title from Rare. Few details about the game were available, though development had been troubled; in 2021, the project was “restarted from scratch.” The game was officially announced in 2019 with a brief trailer. In February, during an interview with XboxEra, Spencer cited Everwild as a game release he was looking forward to. “It’s nice to see the team with Everwild and the progress that they’re making,” Spencer said at the time.
Both Sony’s lawyers and Microsoft’s planners once suggested next-gen consoles would arrive 2028. Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team. News Developer Fred Russell left the studio in 2016, but presumably still has connections at Turn 10. News
