Ninja Theory, the studio behind the Hellblade series, is entering consultation ahead of a potential closure as part of Microsoft's sweeping Xbox cuts. The developer is also reportedly seeing two separate agreements collapse.

Microsoft is laying off around 260 Xbox employees today, as part of an ongoing reset of its gaming business. Xbox chief content officer Matt Booty said the company is eliminating 268 roles across Halo Studios, other first-party studios, and central functions.