Perfect Dark represented so much for potential at Xbox Game Studios, and it was my most-anticipated game. Now it's gone.

The troubled Perfect Dark reboot is canceled and Xbox studio The Initiative has shut down amid devastating layoffs sweeping across Microsoft today, sources have told IGN.

And all of this is after more layoffs and shutdown 18 months ago which closed Arkane Austin, Alpha Dog Games and the developer of Xbox’s best game in a while, Hi-Fi Rush’s Tango Gameworks, which had to be saved by another company.