Bungie CEO Pete Parsons has announced that the studio will lay off 220 employees and that it will spin off one of its in-development projects into its own studio.
Another round of layoffs has hit Bungie. Bungie CEO Pete Parsons made the announcement on the studio’s website, citing the increasing costs of development and economic conditions as the reason for the reduction of staff — a refrain that’s become common in the last two years of prolific video game industry layoffs. Parsons wrote that 220 roles would be eliminated, representing 17 percent of the company’s workforce.
This latest layoff announcement was accompanied by the news that Bungie employees are working on a new game. “We are working with PlayStation Studios leadership to spin out one of our incubation projects – an action game set in a brand-new science-fantasy universe – to form a new studio within PlayStation Studios to continue its promising development,” Parsons wrote.
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