Destiny and Marathon developers Bungie are laying off 220 people – around 17% of their total workforce – as studio heads try to offset a financial crisis brought on by “overly ambitious” expansion, individual project “misfires”, and a wider economic downturn in 2023. Bungie are also transferring a further 155 roles to parent company Sony Interactive Entertainment, and are spinning out an untitled incubation project – an “action game set in a brand-new science-fantasy universe” – to form a new PlayStation studio.