IGN explores the reasons for the axed multiplayer features and version of the game by CDPR in this article, here is a snip;

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The game itself scored quite highly on PC – IGN’s own review gave it 9/10 and said: “Cyberpunk 2077 kicks you into its beautiful and dazzlingly dense cityscape with few restrictions. It offers a staggering amount of choice in how to build your character, approach quests, and confront enemies, and your decisions can have a tangible and natural-feeling impact on both the world around you and the stories of the people who inhabit it.”

However, that wasn’t the case on console, as our own PS4 and Xbox One review gave the game 4/10. “The PlayStation 4 and Xbox One versions are simply not in an acceptable state, and it makes me sad to think that so many people are having their first Cyberpunk 2077 experience ruined this way – because when it works, it’s a fantastic RPG.”

It turns out that the developers themselves didn’t think the game was ready to ship, with some saying that they “expected the game to be ready in 2022” based on the progress they saw in 2019.