After the recent major update of Cyberpunk 2077, both the main version 2.0 of the game and the expansion pack, Phantom Liberty, which received great reviews, Gabe Amatangelo, the game director, has confirmed that these updates will be the final major update of the game. However, there will still be small updates available.
In addition, the director hinted that after this, the next project could be Cyberpunk 2 or Project Orion, or possibly another name that the team is considering. The initial unveiling of Cyberpunk 2077 dates back to 2013 with a short trailer released before the launch of The Witcher 3 in the same year. This means that the game has been in development for a total of 10 years. Meanwhile, Project Orion has been planned as a long-term project. During this time, the studio has also released several games in The Witcher universe, but it remains uncertain when we will see a sequel.
TLDR: Cyberpunk 2077 has released its final major update, according to Gabe Amatangelo, the game director. There might be small updates in the future, and the team is already considering the possibility of a sequel or a new project called Project Orion. The game’s development took 10 years, while the release of sequels in The Witcher series is yet to be determined. The source of this information is PC Gamer.