Sony's Bungie Faces Layoffs And Game Release Delays: 'Today Is A Sad Day,' CEO Says
Portfolio Pulse from Franca Quarneti
Sony's Bungie, the developer behind Destiny 2, is facing layoffs and game release delays in 2023. The extent of the layoffs remains unspecified. Bungie's Destiny 2 expansion, 'The Final Shape,' has been delayed from February 2024 to June 2024, and their project 'Marathon' has been pushed to 2025. Other gaming studios, including CD Projekt ADR and Epic Games, have also faced layoffs in 2023.
October 31, 2023 | 8:28 pm
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NEGATIVE IMPACT
CD Projekt ADR, known for The Witcher and Cyberpunk 2077, underwent multiple rounds of layoffs as part of a restructuring effort.
The layoffs at CD Projekt ADR could lead to a decrease in productivity and potential disruption in their restructuring efforts. This could negatively impact the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Sony's Bungie is facing layoffs and game release delays, which could potentially impact Sony's revenues and reputation in the gaming industry.
Layoffs and game release delays at Sony's Bungie could lead to a decrease in productivity and potential revenue loss due to the delayed releases. This could negatively impact Sony's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100