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Microsoft closes Tango Gameworks, Arkane Austin and others
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this post was submitted on 07 May 2024
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There's a statement on this ign article that says arkane Austin will have devs go to other studios, but nothing on the tango front. They're just closing it.
https://www.ign.com/articles/microsoft-closes-redfall-developer-arkane-austin-hifi-rush-developer-tango-gameworks-and-more-in-devastating-cuts-at-bethesda
From what I just skimmed on Twitter, it sounds like the Tango Team is already working on making a new studio.
So they had a bit of a heads-up at least, it would seem.