Bungie reportedly faces significant layoffs this summer. Around 50% of its 800 employees, or 400 staff, are at risk. Sony reported a $765 million impairment loss due to Bungie's underperformance. Destiny 2 support ended, and Marathon's recent efforts failed to improve its standing. Rumors of impending layoffs at the studio circulated last month.
https://www.psu.com/news/bungie-reportedly-set-to-lose-around-400-staff-members-as-a-result-of-summer-layoffs/