Amid reports that Microsoft is planning massive layoffs in its Xbox gaming division, first-party studios like Double Fine, Compulsion Games, and Ninja Theory have been rumored to be in talks to avoid total closure. Now, State of Decay developer Undead Labs is said to be facing the same fate if a potential buyer can’t be found. According to GamesBeat and Windows Central, Undead Labs is one if the studios that Microsoft may unload following the end of its current fiscal…