I just read more on it, and SD3 seems to be fine, which is good, but unfortunately, they were also hit with the layoffs. My expectations for this game have plummeted. I don't think it will live up to the 6+ year development.Only the Initiative is shut. It was a 20 person managing studio that never shipped a game in 7 years.
SOD3 is fine.
I was expecting way more studio closures based on the rumors.
1st party AA development never made sense given the glut of Indy studios you can contract ala the Clair Obscure devs.
As for the Initiative's PD3, wtf was going on internally? 7 years and nothing. I just found out that last year's trailer was completely fake, and they didn't even have a foundation to work on. It would've taken them another 3 years minimum from today for there to be anything substantial. Absolute incompetence at the highest level. I used to think Bethesda was incompetent, but this makes them look like a top-notch studio.