Gears Tactics and Wolfenstein: Enemy Territory developers Splash Damage have cancelled Transformers: Reactivate, the Hasbro action game they announced in 2022.
They will also be "scaling down to refocus our efforts on other projects", and "a number of roles across the studio are now potentially at risk of redundancy".
All that's from a TwiX post in which Splash Damage describe Hasbro as "an incredible and supportive partner", and offer some, by now, sadly overfamiliar sentiments about this not being a decision they took "lightly".
The post doesn't give any reason for the cancellation, beyond this being a "difficult time" for the studio. There's been little to share about Transformers: Reactivate since reveal, but the first cinematic trailer (below) paints the picture of a more soulful and seemingly, first-person action game in which the Autobots (good guy Transformers) fight a "Legion" of invading aliens.
It would have supported co-op and yes, you would have been able to switch between bot and vehicular forms. The trailer vibe suggests a grimmer experience than you'd generally get from Transformers, with apocalyptic urban scenes filmed at pedestrian level, and in-game technology that reminds me of Gears Of War.