Arkane Austin still has one more Redfall update to deliver before work on the game ceases entirely.
Microsoft has reduced prices on the Xbox 360 Store to encourage players to grab games before they're gone.
Xbox is looking to avoid Apple and Google's strict rules with its own mobile games store.
Reports have alleged new cost-cutting measures will be introduced by Microsoft in the near future.
Arkane Austin's closure means the end of support for its latest game, Redfall.
Microsoft has shut down and dismantled four major Bethesda studios as part of a "reprioritisation" effort.
Microsoft has recorded a significant rise in gaming revenue, thanks to the inclusion of Activision Blizzard stats.
Phil Spencer has talked about the nature of layoffs, and their links to industry growth, in a new interview.
A new report has claimed Xbox is currently working on prototypes for a handheld gaming device.
The studio has reportedly signed a new deal with Microsoft for its next game.
