Microsoft is undergoing a major shakeup that involves mass layoffs, studio sell-offs, and other significant changes as part of a "reset" of the business. While we have learned that Ninja Theory and Undead Labs are being sold off and Double Fine and Compulsion are going independent, we don't yet know what the future holds for Arkane Lyon and its long-in-development Blade game. The French studio is undergoing "consultation," but its fate has yet to be determined. https://www.youtube.com/watch?v=wB9ye56mSfk Announced in 2023 and not much to show Blade was announced in December 2023 at The Game Awards that year , but the reveal trailer was CG and many believed it was more of a mood piece meant to hype fans up and help developer Arkane Lyon recruit staff to work on it.
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GameSpot