Rumours also indicate that one of the projects - believed to be a multiplayer game - has recently received several internal updates.
The seasonal content in Sea of Thieves going forward will be split across three months worth of planned events and content releases.
Design director Jens Andersson also noted that it was "really hard", but it wasn't the most difficult part of making the game.
Developer Rare likely wants to assure Sea of Thieves fans that it has been unaffected in the wake of Everwild's cancellation.
The high-stakes S&D Extraction game mode pits two teams of four players each against each other as they compete to complete objectives.
One of the projects is said to be the "one you're all wanting", which could very well be the long-rumoured Fallout 3 remaster.
These requirements will reportedly continue hurting the company's Gaming division, which recently faced extensive layoffs.
Raphael Colantonio says the model has been "increasingly damaging the industry for a decade, subsidized by Microsoft's 'infinite money.'"
There's reportedly always been "outside interest" in revisiting the Banjo-Kazooie franchise but Rare was more interested in new IPs.
From the reported death of the Forza Motorsport franchise to the closure of Romero Games, the impact is even worse than expected.
Predictably, the post has since been taken down by its author because of the amount of backlash it got for suggesting the use of AI.
Reports indicate that the simulation-styled racing franchise has been cancelled along with Turn 10's getting hit by massive cuts.
The Death Stranding 2 director's horror title allegedly sought a new publisher after Microsoft's recent wave of layoffs.
Xbox Game Studios head Matt Booty had to reportedly pull the controller away from Spencer when he tried an early build in March.
Xbox’s once bold vision for the future now feels uncertain as layoffs and major project cancellations shake gamers' confidence.
Phil Spencer, who originally took on leadership of the Xbox division back in 2014, apparently has no plans to retire for now.
Several game studios under Microsoft are seeing a shake-up, including Rare, where veteran designers have allegedly departed.
One employee noted that Phil Spencer's email announcing the lay-offs also bragging about Xbox profits led to them being "super pissed".
In an internal email, Xbox's Matt Booty said the layoffs and project cancellations represent "a broader effort to adjust priorities."
Raven Software and Sledgehammer Games, known for their work on the Call of Duty series, have also reportedly faced layoffs.
