News Microsoft is closing down several gaming studios, including Tango Gameworks and Arkane Austin

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The number of layoffs and cuts in the videogame industry sadly continue to grow, with the latest huge layoffs coming from Microsoft, due to what MIcrosoft calls a "reprioritization of titles and resources" from a variety of companies and studios under their helm.

This action caused 4 well-known game studios to completely shut down, with said studios announcing the sad news today through their social media accounts. The known game studios that were hit by these changes and will close down are Tango Gameworks; known for games such as Hi-Fi Rush and The Evil Within, Arkane Austin; developers of Redfall, Alpha Dog Studios; developers of Wraithborne and MonstroCity: Rampage, and Roundhouse Games.

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These layoffs mean that certain games, like in the case of Arkane Austin's Redfall, will no longer be developed and won't receive any further updates.

It's unknown if the hundreds, and even thousands, of cuts and layoffs that are sweeping the video game industry will continue, but with the current state of affairs, sadly it doesn't seem to be slowing down at any moment.

Source