Sony Interactive Entertainment is laying off 292 employees at Bungie, the studio behind Destiny. The cuts affect most of the Destiny team and some Marathon team members, following Bungie's announcement that it is ending development on Destiny 2. PlayStation Studio Business Group CEO Hermen Hulst cited a review of the studio's long-term direction and resource alignment as the reason. Sony acquired Bungie for $3.6 billion in 2022 but has since written down the purchase price by $765 million, roughly 21% of the deal's value. Marathon remains in development and is described as an important part of Sony's portfolio.
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