Xbox announced a significant overhaul of its business Monday, which will see the company cutting 20% of its organization over the next 12 months. As part of that change, Xbox is parting ways with four studios, and potentially cutting a fifth down the line. Double Fine and Compulsion Games are once again going independent with runway funding from Microsoft, and taking their IP with them. Undead Labs and Ninja Theory have been sold to new buyers who have yet to be disclosed. Arkane Studios’ fate is up in the air as Xbox says the studio is reviewing its “potential strategic options.”