United Kingdom, July 8 -- IO Interactive will focus on "internal core titles" rather than "external projects".

Amid widespread cuts at Microsoft which will see a total of 3,200 jobs cut from Xbox - starting with 1,600 this week - the gaming giant has also cut ties with four studios, which include Compulsion Games, Double Fine Productions, Ninja Theory and Undead Labs.

Last week, 007 First Light developer IOI revealed its relationship has ended with Xbox, which was an external financial backer for upcoming game Project Fantasy.

In a statement on social media, IOI has cast some doubt over its future plans, and whether they would join forces with Amazon MGM on a sequel to their James Bond title.

They said: "Following the end of our exter...