Weird coincidence that this happened not long after I posted about how Saber left Embracer, now we've got another story of a well known development studio leaving their parent company. In this case Toys for Bob, a company that's existed since the 90s but became most famous in the 2010s for their work on Skylanders and then later the Spyro and Crash Bandicoot franchises, has now gone independent. As much as I was hoping maybe they'd be the studio to helm a new Banjo-Kazooie, after the mass layoffs that hit Microsoft recently, ESPECIALLY on their newly acquired Activision-Blizzard side of the company, and a recent scare where people thought TFB might even have been shuttered (they weren't, they simply closed their physical office and are now a 100% remote work studio), I'd take Toys for Bob going indie and remaining in operation over being neglected under Microsoft.
EDIT: I'm a dummy who posted a little too quickly, I missed the part where it does say Toys for Bob are looking into still partnering with Microsoft for projects while maintaining their newfound independence. Maybe they will continue to be involved with Crash and Spyro going forward, and there's still a chance for them to make a new Banjo-Kazooie.