While we don't have official confirmation from Amazon itself, as Rock Paper Shotgun noticed, an engineer named Ashleigh Amrine posted an update on their LinkedIn. While the post is gone now, it said, "This morning I was part of the layoffs at Amazon Games, alongside my incredibly talented peers on New World and our fledgling Lord of the Rings game (y'all would have loved it)."
Based on the comics, The Boys is a TV series for Prime Video that spawned a spin-off series, Gen V, and a spin-off called The Boys: Mexico is also in the works. There is also the upcoming prequel series, Vought Rising, which takes place in the 1950s. The series seems ripe for a video game, as the world is full of powerful characters with unique abilities, and the off-beat and comedic tone might be appealing to many.