Square Enix in Montreal has canned Hitman for Xbox One and PS4 according to LinkedIn at least. The cancellation actually happened last year.
But this doesn't mean that end of Hitman in terms of a being a lucrative game IP. The studio in Montreal is instead shifting the game's platform to mobile iOS/Android according to network engineer Anthony studio Pressacco.Videogamer
has also discovered that, "Square also confirmed that IO was "in pre-production on a new AAA Hitman project", although it was never confirmed whether it would be taking control of SE Montreal's project or developing a new title altogether."