Romero Games, led by Doom designer John Romero, clarified its status after reports of layoffs following Xbox's canceled funding for their next project.
The studio is actively seeking a new publisher to continue with their game development, with 'several' publishers already expressing interest.
Despite Microsoft pulling out of the deal, there is hope that another party may step in to help salvage the game.
The future of Romero Games remains uncertain, but the team is evaluating options and hoping to see their project through to completion.