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curl-6 said:

Concord's director and founder of Firewalk has reportedly stepped down:

https://www.pcgamer.com/games/fps/concord-game-director-reportedly-steps-down-as-firewalk-developers-fear-layoffs-or-a-possible-closure/

Given how many layoffs and closures we've seen in recent years, the studio's future isn't looking good in the wake of such a historic flop.

The fact that he is stepping down instead of a closure being announced makes me think he was able to convince Sony to keep them around as a support studio at least. I highly doubt Sony will give them any sort of creative control over a game however.