Bungie, the video game developer behind Destiny 2, has reportedly laid off approximately 100 employees, which accounts for around 8% of its workforce. The layoffs come after management warned staff about the significant drop in revenue. The popularity of Destiny 2 is said to be the main reason for the revenue slump. Bungie CEO, Pete Parsons, highlighted weak player retention as a contributing factor. The company also planned to delay the release of The Final Shape, the conclusion to the game's current saga, due to mediocre feedback. Cost-cutting measures, including salary and hiring freezes, were also discussed during a recent meeting.
reportedly impacted 100 employees - approximately 8% of its 1,200-strong workforce - and occurred just weeks after management warned staff that revenue for the year was running significantly below expectations., which reports Bungie employees were issued"dire management warnings" that revenue was 45 percent below projections just two weeks ago.
Bloomberg, based on documentation reviewed by the publication, says around 8 percent - approximately 100 employees - were laid off, primarily from company's support departments, including community management and publishing. All affected workers will reportedly receive at least three months of severance pay and three months of Bungie-paid COBRA health insurance, but additional benefits are said to have ended Monday.
Bloomberg says the layoffs are part of a"larger money-saving initiative" at PlayStation, which has also resulted in job cuts at Following the news of layoffs at Bungie, Parsons took to social media to call it a"sad day" for the studio."What these exceptional individuals have contributed to our games and Bungie culture has been enormous and will continue to be a part of Bungie long into the future," he wrote."These are truly talented people.
Bungie Layoffs Revenue Slump Destiny 2 Employee Termination Cost-Cutting Measures
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