FILE PHOTO: Head of Microsoft Xbox Phil Spencer speaks during the Microsoft Xbox E3 2017 media briefing in Los Angeles - Microsoft 's Xbox is shutting down a number of gaming studios including Arkane Austin , making it the latest publisher to shut down studios amid signs of a gaming slowdown.
All the affected studios are units of ZeniMax Media, which was acquired by Microsoft for $7.5 billion in 2021, and Bethesda. "Grand Theft Auto" maker Take-Two Interactive said it would shut down two subsidiary studios as part of a mass layoff, Bloomberg News reported last week.Some developers from Arkane Austin will join other studios and work on projects across Bethesda, the creator of "The Elder Scrolls" and "Fallout" titles.
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