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NeoGAFs Kent Brockman

Gearbox Could be Working on New Borderlands Game and Original IP
Job listings for Gearbox Software confirm that the Borderlands developer is working on something new, but the project itself is a mystery.

Multiple job listings for Gearbox's international studios have been listed recently hinting at plans for the studio's future. One especially intriguing position for a Game Designer at Gearbox's Montreal studio states blankly that a new AAA IP is being made. This AAA IP will feature progression-focused loot and equipment, but also crafting. It may not be a Borderlands game, but it will be within the same wheelhouse.

While there are multiple listings referencing a new AAA IP, there are also multiple listings that could also be referring to a new Borderlands game being made at Gearbox. A Lead Mission Designer listing is for a AAA FPS game and asks explicitly for understanding of the Borderlands franchise and its mechanics. This project is likely separate from the new AAA IP referenced in other listings, though that isn't explicitly stated.