Microsoft is canceling its Perfect Dark and Everwild games as part of sweeping cuts to its Xbox division. Matt Booty, Xbox president of game content and studios, revealed that Microsoft will be closing The Initiative, the studio behind Perfect Dark, in an internal memo to Xbox employees today.

These changes come at a time when we have more players, games, and gaming hours than ever before,” said Xbox head Phil Spencer in an email to staff.

Phil Spencer won't be retiring from his position at Xbox "anytime soon". Yesterday, Microsoft announced swathes of layoffs across the entire company, including its gaming division. The likes of Everwild, Perfect Dark and a new Zenimax MMORPG have been cancelled in the process.