This is notable for a number of reasons including that Sony promised no layoffs when buying the studio. Then again Sony is laying off a ton of people so this may not be acquisition related.
I've kind of hated Bungie since I played Destiny 1 and really hated how everything in that game was handled except the gameplay itself (the lore cards you had to read out of game REALLY rubbed me the wrong way) but obviously I don't want anyone to lose their jobs.
I think this says something about Sony's views on live service games, which they said they were betting huge on recently and which they acquired Bungie to shepherd but also it's just a "good" time to lay people off because that's the industry trend so each layoff gets less attention and does less reputational damage. It sucks.
Regardless, things seem grim in the gaming industry as a business right now, and at Sony in particular, even if there's no clear explanation as to why, since Spider-Man 2 is doing great and PS5 is selling very well.
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