Microsoft is undergoing a significant restructuring across its Xbox division. This involves cutting 3,200 jobs over the next year. The company stated no first-party publicly announced games are canceled as part of these reductions. Some studios like Ninja Theory and Undead Labs are being sold to new owners. The future of their games will ultimately rest with this new ownership.
https://www.gamespot.com/articles/no-announced-xbox-games-are-getting-axed-in-microsoft-layoffs-company-says/