
Bungie has laid off 220 developers, or 17% of its global workforce, while announcing a new studio has been founded to continue the development of one of its incubation projects under PlayStation.
Today, July 31, Bungie CEO Pete Parsons penned a blog post called 'The New Path for Bungie.' "Due to rising costs of development and industry shifts as well as enduring economic conditions, it has become clear that we need to make substantial changes to our cost structure and focus development efforts entirely on Destiny and Marathon," Parsons writes.