The other shoe has dropped. Following Destiny 2's last major update and widespread reports that Bungie was preparing for mass layoffs, Sony and the studio announced a "reduction in force" that includes most of the people who were working on Destiny 2, as well as several on the Marathon team and external contractors.
Exact numbers have not been given by Sony, but a required WARN notice issued by the studio says 292 positions were affected in Washington, where Bungie is headquartered (as spotted by GameFile's Stephen Totilo). That number does not include external or remote workers who were affected, so the real total is likely much higher. It's a bloodbath.