At the very most Playground and Turn 10 being merged, but that is so far fetched. Their buying all these studios to supply game pass now, so they'd have to make really shit games to get shut down (Or not be pumping out enough games in a timely matter), instead of financial failures.
They don't have to worry about unit sales anymore, only have to worry about putting good games on their service so people subscribe, and stay subscribed to Gamepass and Gold. So I don't think any of them will be getting shut down until the inevitable downfall of Microsoft comes (Nothing good ever lasts, Sony, Microsoft, and Nintendo will all eventually meet their fate).
At the very most, the entire studio falls apart due to corporate culture and loss of independence, or they get merged together. Microsoft needs these studios more than the studios need Microsoft.
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