Microsoft's latest Xbox layoffs have reportedly gutted the Age of Empires studio, cancelling its next game

A few days ago, Microsoft announced a huge reshuffle of its studios, which included a lot of layoffs and resulted in Activision taking over the Halo franchise. However, it seems the damage went further than what Microsoft announced. We're seeing reports come in across the internet from former developers of Age of Empires, who claim that the studio was cut in half and a new game was cancelled.