Longtime Halo fans have only ever known two studios to develop the Halo franchise: Bungie and 343 Industries, which was later renamed Halo Studios. Microsoft has now thrown a curveball by entrusting the next iteration of the iconic FPS to Activision.

On Tuesday, a statement titled Continuing Our Reset was sent to global Team Xbox employees, announcing a larger restructuring that included eliminating 268 roles from Halo Studios, other “first party” studios, and XGS management and central functions. The statement said it will create a dedicated, separate team to develop the next Halo game, distinct from its Call of Duty operations, and that a…

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