Bungie is Laying off Hundreds of Employees!
Bungie, which is under the roof of PlayStation and known for the Destiny brand, has decided to lay off 220 employees and will transfer the remaining employees to Sony Interactive Entertainment.
- Bungie is laying off 17% of its workforce.
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Bungie, will lay off 220 employees representing 17% of its workforce, transfer 155 employees representing 12% of its workforce to Sony Interactive Entertainment and establish a new studio under PlayStation Studios to launch one of it’s incubator projects, an action game set in a brand new sci-fi universe.
Bungie CEO Pete Parsons said in a statement that they had to take such a decision, saying that they were very ambitious, they exceeded their financial safety margins and started to suffer from budget shortages.
Recognizing that all these events will be difficult and grief for employees, Bungie will offer a generous exit package for everyone affected by layoffs, including severance pay, bonuses and health insurance.
This morning, we shared an important update with the Bungie team on the difficult decision to eliminate 220 roles at Bungie.
You can read the full statement below.https://t.co/FVkWNSWDtZ— Bungie (@Bungie) July 31, 2024
You can read the full statement below.
https://t.co/FVkWNSWDtZ
– Bungie (@Bungie) July 31, 2024
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