LogInBungie reportedly had to optimize costs because revenue in 2023 didn't meet expectations.
Image credit: Destiny 2: The Final Shape, Bungie
The report shared that in mid-October, Bungie leaders informed their staff that the studio's revenue for 2023 could be 45% lower than expected. This decline is attributed to the decreasing popularity of Destiny 2 following the release of the Lightfall expansion. It appears that pre-orders for the upcoming add-on, The Final Shape, also did not meet Bungie's expectations.
The new data also noted that the laid-off employees will receive a three-month severance package and medical insurance coverage for the same duration. All other corporate bonuses ceased at the end of October.
These layoffs at Bungie are reportedly part of Sony's global strategy to reduce expenses at PlayStation. The final decision on the layoffs is said to be made by Bungie's management.
Bungie has not commented on the situation yet. You can find the original report here. Don't forget to join our 80 Level Talent platform and our Telegram channel, follow us on Instagram, Twitter, and LinkedIn, where we share breakdowns, the latest news, awesome artworks, and more.