In a surprising turn of events, Romero Games has officially denied rumors of its closure following significant funding cuts from a publisher, later identified as Microsoft. The studio, founded by industry veterans John and Brenda Romero, confirmed that while their unannounced first-person shooter project faced cancellation, they are actively exploring new partnerships with several interested publishers to revive the game. The situation has left many employees in shock, with reports suggesting that the entire studio faced layoffs after the abrupt funding withdrawal.