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As you know, over the last few weeks there were mass layoffs across Microsoft and Activision studios. Then, last week, it was reported that the Toys for Bob office is shutting down. It was unclear at the time, what was going on. Later it was confirmed by insiders, that Toys for Bob would remain in business. Today, Canadian Guy Eh, a pretty large YouTube creator in the Spyro & Crash world, has uploaded a video on the current state of the studio and he spoke to multiple Toys for Bob employees on this.

Key points:
- not shutting down
- went from 86 to 50 people
- office is closing as the rent lease was running out. They decided to go fully remote because it was too expensive to keep that large office, an old airfield hangar, for 50 people
- Toys For Bob wanted to go remote themselves, not Microsoft
- new projects in the works and they might grow again in the future

He also talked to a anonymous source which he claims has told him stuff in the past that came true and that person said:
"Microsoft is dedicated to Toys for Bob and their IP, so don't worry"

You can give the video a watch here:

In the video it's mentioned that he spoke to sources which said that layoffs were already being planned by Activision before the acquisition and that they were inevitable because of the mass grow in 2020, especially because TFB hired many new people for being a Call of Duty and Overwatch support studio.