Despite reports Romero Games has shut down, resulting in over a hundred job losses, the studio has issued a new statement saying reports about closure are inaccurate.

Initially, the Ireland-based Romero Games announced the cancellation of its upcoming first-person shooter due to its publisher canceling funding for the game, but an anonymous source since told The Journal that “everyone is out of a job.”

Now, however, Romero Games has disputed these reports and denies claims the studio has closed.

“The funding for our project was pulled, and our game was canceled,” the statement began. “Due to confidentality agreements, we cannot disclose the publisher’s identity, though some may infer it from public information.

“As as result, we now have to reassess the entire staffing of our studio. Romero Games is not closed, and we are doing everything in our power to ensure that it does not come to that. Any suggestion otherwise is factually incorrect.”

The statement closes on revealing that the studio has already been contacted by several publishers interested in “helping us bring the game across the finish line, and we’re currently evaluating those opportunities.”

As the statement attests, Romero Games is not able to confirm its publisher, but it is widely thought to have been working with Microsoft, which began making layoffs across its gaming division last week, just days after multiple rumours and reports started to swirl. As a result of the layoffs, which affected around 9,000 employees, Xbox closed The Initiative, cancelled Perfect Dark, Everwild, and Zenimax Online Studios’ MMO, codenamed Blackbird.

Earlier today, we reported that Forza Motorsport developer Turn 10 has reportedly been “shuttered,” and “the team is no more.”