Tuesday, July 8, 2025
  • Home
  • About Us
  • Disclaimer
  • Contact Us
  • Terms & Conditions
  • Privacy Policy
T3llam
  • Home
  • App
  • Mobile
    • IOS
  • Gaming
  • Computing
  • Tech
  • Services & Software
  • Home entertainment
No Result
View All Result
  • Home
  • App
  • Mobile
    • IOS
  • Gaming
  • Computing
  • Tech
  • Services & Software
  • Home entertainment
No Result
View All Result
T3llam
No Result
View All Result
Home Gaming

Bungie management reportedly ‘overstated studio’s monetary prospects’ to Sony, main to wish for layoffs

admin by admin
August 2, 2024
in Gaming
0
Bungie management reportedly ‘overstated studio’s monetary prospects’ to Sony, main to wish for layoffs
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Following yesterday’s mass layoffs at Future 2 developer Bungie – by which 220 staff misplaced their jobs – a brand new report has claimed the cuts have been a results of Bungie management ‘overstating the studio’s monetary prospects’ to Sony, which acquired the developer in 2022.


That is in line with sources interviewed by journalist Stephen Totilo, who, writing in his GameFile e-newsletter, studies yesterday’s job cuts have been essential to stem Bungie’s continued monetary losses. The studio is alleged to have repeatedly missed monetary targets promised to Sony, and has reportedly misplaced cash for the reason that launch of Future 2 enlargement Lightfall in 2023.


Totilo claims yesterday’s layoffs – the second spherical of job cuts in lower than a yr – had lengthy been deliberate, and “could not be prevented” even when this yr’s Future 2 enlargement, The Closing Form, had “blockbuster efficiency”. Bungie administration reportedly concluded final yr – amid poor gross sales and a dwindling Future 2 participant base – it could must “make deep cuts to point out Sony’s executives that it was taking its funds critically”, with the studio’s autonomy – and administration jobs – seemingly on the road if it failed to satisfy its targets.

Future 2’s The Closing Form enlargement was well-received.Watch on YouTube


That tallies with studies from IGN final yr, by which quite a few Bungie staff advised the publication the temper on the studio was “soul-crushing” as management carried out harsh cost-cutting measures, apparently in a bid to cling onto independence.

RelatedPosts

What time does The Alters launch, and is it on Recreation Cross?

What time does The Alters launch, and is it on Recreation Cross?

June 11, 2025
Mario Kart World Overview – Roam If You Need To

Mario Kart World Overview – Roam If You Need To

June 11, 2025
Astro Boy Creator’s Lesser-Identified Mangas Are Getting A Field Set

Astro Boy Creator’s Lesser-Identified Mangas Are Getting A Field Set

June 11, 2025


Totilo notes Sony’s gaming division has reported slimmer earnings in current occasions, and that when Hermen Hulst and Hideaki Nishino changed outgoing PlayStation CEO Jim Ryan earlier this yr, they wrote, “Expectations for us are excessive and we goal to drive bettering profitability.” Nonetheless, Totilo’s sources say staff have little animosity for Sony over the cuts, with many as an alternative blaming Bungie administration for promising unrealistic progress – an perspective mirrored in employees social media posts slamming studio CEO Pete Parsons following yesterday’s layoffs.


Based on Totilo, Future 2 stays the one recreation presently getting cash for Bungie, and this yr’s The Closing Form enlargement “bought lower than Lightfall”, regardless of its constructive crucial reception. That is an issue for a Bungie management nonetheless trying to show it will possibly flip issues round to Sony, and maybe not an simply solvable one. “The financials simply do not work,” one supply advised Totilo. “Future is an extremely costly recreation to make.”



Previous Post

Reddit stands agency towards AI firms scraping content material for coaching with out paying

Next Post

White Home is recommending that use of open supply AI fashions not be restricted

Next Post
White Home is recommending that use of open supply AI fashions not be restricted

White Home is recommending that use of open supply AI fashions not be restricted

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • App (3,061)
  • Computing (4,401)
  • Gaming (9,599)
  • Home entertainment (633)
  • IOS (9,534)
  • Mobile (11,881)
  • Services & Software (4,006)
  • Tech (5,315)
  • Uncategorized (4)

Recent Posts

  • WWDC 2025 Rumor Report Card: Which Leaks Had been Proper or Unsuitable?
  • The state of strategic portfolio administration
  • 51 of the Greatest TV Exhibits on Netflix That Will Maintain You Entertained
  • ‘We’re previous the occasion horizon’: Sam Altman thinks superintelligence is inside our grasp and makes 3 daring predictions for the way forward for AI and robotics
  • Snap will launch its AR glasses known as Specs subsequent 12 months, and these can be commercially accessible
  • App
  • Computing
  • Gaming
  • Home entertainment
  • IOS
  • Mobile
  • Services & Software
  • Tech
  • Uncategorized
  • Home
  • About Us
  • Disclaimer
  • Contact Us
  • Terms & Conditions
  • Privacy Policy

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • App
  • Mobile
    • IOS
  • Gaming
  • Computing
  • Tech
  • Services & Software
  • Home entertainment

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analyticsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functionalThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessaryThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-othersThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performanceThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policyThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept