Layers of Fears is no more; it's just Layers of Fear again as Bloober Team scraps the S from the title whilst handing it a release window. The PS5 remaster ties together scenes from the first two games with new sequences, and it will be out this June according to the trailer above. This means it'll be competing for attention alongside the likes of Street Fighter 6, Diablo 4, and Final Fantasy XVI.
The YouTube description pitches Layers of Fear as both PS4 games along with their expansions bundled in with a new The Final Note DLC. Then there's also "the never-before-told story of The Writer, which will tie everything together". And presumably, all that content will be brought into the modern era with better resolutions and frame rates.
From Bloober Team (developer of the upcoming Silent Hill 2 remake), the first Layers of Fear title is certainly seen as the better of the two, so it'll be interesting to see whether the Polish team does much to bring Layers of Fear 2 up to that same standard. Either way, it's out for PS5 in roughly four months.