Microsoft has reportedly cancelled Everwild, an in-development game from UK-based Sea of Thieves developer Rare, and potentially other projects amid a round of layoffs that will see the company lose upwards of 9000 employees.

Microsoft is cutting more than 9,000 jobs -- 4% of its global workforce -- and as a result, Everwild and the Perfect Dark reboot have been put out to pasture.

Microsoft announce massive layoffs, including Xbox. Multiple games are cancelled, and rumors claim Phil Spencer won't remain at the company.