Bungie Reportedly Cut About 100 Jobs as Part of Recent Layoffs

The layoffs are allegedly part of "a larger money-saving initiative" across the entirety of PlayStation.

Posted By | On 01st, Nov. 2023

bungie logo

2023 may have been a great year for games, but it’s been a tumultuous year for the games industry. An astonishing number of studios have been hit with layoffs over the last few months, and recently, it was confirmed that Destiny 2 developer Bungie had joined that list, amidst delays to both Destiny 2: The Final Shape and Marathon.

Now, a new report published by Bloomberg’s Jason Schreier has shed further light on the scope of the layoffs, revealing that about 100 jobs were cut across the studio, accounting for nearly 8% of the total workforce, which stood at around 1,200 employees prior to the layoffs.

The report further adds that laid off employees are receiving three months of severance and health insurance, as well as prorated bonuses, though other benefits have ended, while employees who were on a vesting schedule following Sony’s acquisition of Bungie will also be losing their shares in the company.

Interestingly enough, it’s also being reported that the primary reason for these layoffs is Destiny 2– more specifically, the game’s underperformance following the launch of its previous expansion, Lightfall. Pre-orders for upcoming expansion The Final Shape have also allegedly been falling below internal projections. Bungie apparently missed its revenue targets by an eye-watering 45% as a result of Destiny 2’s underperformance.

The report also adds that Bungie’s job cuts are part of a wider cost-cutting initiative across all of PlayStation. Fellow PlayStation-owned studios like Naughty Dog and Media Molecule have also recently suffered layoffs.


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Dragon Age: The Veilguard Character Creator – Complexions, Qunari Horn Materials and More Detailed

Dragon Age: The Veilguard Character Creator – Complexions, Qunari Horn Materials and More Detailed

The character creator is extensive, from forehead, jaw and chin sliders to cataract visibility and over 30 mak...

Steam Summer Sale is Now Live

Steam Summer Sale is Now Live

Hundreds of thousands of PC titles are discounted until July 11th, 10 AM PDT, with Deep Discounts offering eve...

Senua’s Saga: Hellblade 2 Accolades Trailer Highlights Critical Acclaim

Senua’s Saga: Hellblade 2 Accolades Trailer Highlights Critical Acclaim

Ninja Theory and Microsoft's cinematic action-adventure game launched for Xbox Series X/S and PC in May.

Star Wars: Bounty Hunter is Out on August 1st for PS5, Xbox Series X/S, Xbox One, PS4, PC, and Switch

Star Wars: Bounty Hunter is Out on August 1st for PS5, Xbox Series X/S, Xbox One, PS4, PC, and Switch

The 2002 action-adventure title will retail for $19.99 and feature visual improvements and support for DualSen...

Details on the Next Tomb Raider Are “Not Too Far Away” – Amazon Games

Details on the Next Tomb Raider Are “Not Too Far Away” – Amazon Games

"We’re getting into a much more regular cadence of shipping games. That’s all I’m allowed to tell you ri...

XDefiant Has Crossed 11 Million Players

XDefiant Has Crossed 11 Million Players

A little over a month on from release, the free-to-play multiplayer first-person shooter has a sizeable player...