Bungie, the Sony-owned video game studio behind “Halo” and “Destiny,” is laying off 220 employees, or roughly 17% of its workforce, CEO Pete Parsons announced Wednesday.
“Due to rising costs of development and industry shifts as well as enduring economic conditions, it has become clear that we need to make substantial changes to our cost structure and focus development efforts entirely on ‘Destiny’ and ‘Marathon,’” Parsons wrote in a blog post. “These actions will affect every level of the company, including most of our executive and senior leader roles.”
Impacted Bungie employees will receive exit packages including severance, a bonus and health coverage.