The developer cites "unsatisfactory results of the evaluation of the scope and commercial potential of the project" as the reason behind its cancellation.
The studio announced in June last year that it had partnered with Microsoft to develop a new title in an existing Xbox IP.
In addition to the layoffs, 20 additional roles that were working on the game have been moved to other projects, it's reported.
Trishka Novak fights with Energy Blades, which can dismember enemies at close range and cut down objects in the upcoming VR title.
"We aim to use this extra time to continue improving the experience," People Can Fly says.
The VR release of cult classic shooter Bulletstorm will feature all of the weapons and skillshots that players know and love.
A newly published job ad states that the studio behind Outriders and Bulletstorm is working on a new VR-exclusive IP.
Bulletstorm is making a comeback in the form of a VR version of the original game, complete with the return of Skillshots and the Energy Leash.
The recently leaked clip seems to suggest Sony's new game was in early development at People Can Fly back in 2021.
People Can Fly says it's "committed to continue" the game's development "within [its] self-publishing pipeline", and has retained full ownership of the IP.
Outriders' expansion has a boring story, but playing through it is a blast.
The paid expansion is out tomorrow worldwide and adds a new story, missions, over 100 new Legendary items, and much more.
People Can Fly and Square Enix's latest looter shooter is free to play in its entirety on Steam, starting June 20th to June 23rd.
Explore different areas, uncover Troves with Apocalypse Tier gear, battle new enemies and earn amazing rewards in the new endgame activity.
The expansion arrives June 30th for Xbox One, PS4, Xbox Series X/S, PS5, PC and Google Stadia. An endgame reveal is coming today at 11:45 AM PDT.
Details on the Trial of Tarya Gratar are coming ahead of the paid expansion's release on June 30th for current and previous-gen platforms.
The developer confirms that it is yet to receive royalties from the game's sales from Square Enix, with the RPG shooter still not having recouped development costs.
Battle a dangerous new threat in Ereshkigal, earn nearly a hundred new Legendary items, and power up further with Ascension Levels.
The newest episode of Outriders Broadcast will provide a deep dive into the expansion's "exciting new content and systems."
A big free update comes tomorrow that will add and alter a variety of things, with a major expansion planned for next year.