Bungie Lays Off 8% of Staff, Delays Final Shape Expansion Amid Lower Than Expected Destiny 2 Revenue

Bungie laid off around 100 employees, about 8% of its staff, following disappointing player retention after Destiny 2's Lightfall expansion
Revenue was reportedly 45% below projections, despite an initial spike in players after Lightfall
The Final Shape expansion was delayed from Feb 2024 to June 2024 due to underwhelming internal feedback
Employees will receive 3 months severance pay and benefits will run out Nov 1st
This comes amid apparent cost-cutting at Sony studios following the Bungie acquisition