Bungie CEO Faces Backlash After Announcing Layoffs Amid Classic Car Spending đźš—

News & Articles
1

Summary:

  1. Mass Layoffs Announced: Bungie is laying off 220 employees, which is 17% of its workforce, citing “financial challenges” due to rising development costs and industry shifts.

  2. CEO’s Spending Under Scrutiny: CEO Pete Parsons faces criticism for reportedly spending over $2.4 million on classic cars after Sony acquired the company, with continued purchases even after previous layoffs.

  3. Company Restructuring: Bungie plans to move 155 employees to Sony Interactive Entertainment and spin off a new studio within PlayStation Studios from a team working on a new game, in an effort to manage costs and focus on key projects like Destiny and Marathon.