Microsoft is reducing its global workforce by nearly 4%. Gaming is among the departments affected, and as a result, Xbox has abandoned games like Everwild and Perfect Dark.

Microsoft is scrapping two upcoming video games, a reboot of "Perfect Dark" and the fantasy title "Everwild," in addition to ending development on several unannounced projects.

The Initiative, the Xbox studio developing a modern reimagining of Perfect Dark, is being shut down, and development of the game is ending. As first reported by Windows Central, the studio's closure is part of major cuts Microsoft is making across its business,