Bungie CEO faces backlash after announcing 220 employees, or 17% of its workforce, will be laid off | Pete Parsons has spent $2.4 million on classic cars since Sony acquired Destiny developer Bungie
Bungie blames the job eliminations on "rising costs of development and industry shifts as well as enduring economic conditions." The Sony subsidiary says it needs to make...
It's a sad case of another day, another round of mass layoffs at a game studio. On this occasion, Destiny developer Bungie has announced it is letting go of 220 employees, or 17% of its workforce. CEO Pete Parsons said the eliminations were due to "financial challenges," which isn't going down well, especially after it was discovered he may have spent over $2.4 million on classic cars after Sony acquired the company, and continued buying them even after the previous layoffs.
Bungie blames the job eliminations on "rising costs of development and industry shifts as well as enduring economic conditions." The Sony subsidiary says it needs to make substantial changes to its cost structure and focus development efforts entirely on Destiny and Marathon.
The cuts will impact every level of the company, including executives and senior leader roles – but not Parsons, obviously.
It was only in October 2023 that Bungie made its last round of layoffs, and the news comes just under two months since the launch of Destiny 2: The Final Shape, which has been well-received.
In December, Bungie devs told IGN that the atmosphere at the company was "soul-crushing" due to fears of more layoffs, extra cost-cutting measures, and a loss of all independence from Sony if Bungie's financials did not improve. Staff said earlier this year that they feared more job cuts were coming.
The latest layoffs have led to many angry posts on social media from current and former Bungie employees. Destiny 2's global community lead Dylan Gafner (AKA dmg04) called the move "inexcusable," and noted that it's a case of "Accountability falling upon the workers who have pushed the needle to deliver for our community time and time again."
What's angering people even further is the discovery of what seems to be Parsons' account on a car bidding site called Bring a Trailer. It shows he has spent $2.4 million on classic cars since September 2022, which includes $500,000 since the October layoffs.
70% of that $2.4 million should have been taxed and he can do whatever he wants with the remaining money. OR he can get paid what he actually deserves and leave the rest for the company to become stronger.
I believe it's peer pressure once you have that kind of money. They are so far from reality they just don't think about it. All their cocaine-buddies ramble about how they "deserve it" to throw money out of the window, they worked so hard yadda-yadda.
It's bonkers. But I also never had that kind of money. Maybe we would all do the same thing?
That's precisely my point. That kind of wealth should not be allowed, specifically because it seems to lead to this kind of behavior. Rare is the wealthy philanthropist; common is the wealthy psychopath.
I believe it’s peer pressure once you have that kind of money. They are so far from reality they just don’t think about it. All their cocaine-buddies ramble about how they “deserve it” to throw money out of the window, they worked so hard yadda-yadda.
There was a fantastic write up on Reddit 6 or 7 years ago where a person that rubbed shoulders with the rich explained the drastic differences in behavior between different strata of the rich. He cited there are absolutely those that spend excessively to try to appear more rich than they are. I think the net worth of this category was between $20 million and $200 million (those numbers are from memory). Above that those rich largely don't do that anymore, and are surprisingly more practical. If someone has a link to that, I'd love a re-read of it. It was very eye opening.
Keeping the wealthy is unethical. They're not getting the right food for their dietary needs and their enrichment activities are unhealthy. We also can't release them back into the wild because they haven't learned the survival skills they need. We really need a rich people zoo where people can go visit them and learn about how capitalism has prevented them from being able to live the healthy normal lives their physiology was built for
Is it really wasteful though? Especially if they’re classic cars, it’s not like the money is thrown out the window. The value is still here, just in car form instead of stock/bank account form.
I'm sure you didn't mean anything more by it, but "meh, imperfect world" is the same logic employed by Christian apologists and and fundies too lazy to assess suffering rationally and honestly.
We should reject that kind of thinking, because it only leads to apathy and/or willful ignorance.
Probably significantly fewer. Here in the UK someone's salary is about half of what it costs a business to employ them. It might be more than that in the USA but there will be other non-salary costs per employee.
Looks like the rule for the US is much different, only 1.25-1.4x the salary in total costs. That average salary is probably only correct for a junior employee though. But you can safely assume it’s around 100k at least per employee.
My neighbor works for Bungie. I’m too afraid to ask if she still has a job. Getting laid off sucks but I bet working there still sucks too. I bet their office is a fuckin graveyard.
The morale nosedive that layoffs bring means the loss of company productivity is so much higher than just who you let go. They have to be the absolute last resort. Pete Parsons has to go.
You might wish to just ask her in passing, "hey, I heard what's going on at Bungie, is everything okay?" Whether she does or doesn't still have a job, she is probably stressed as hell and could probably use some kind words.
Developing one MMO forever is not a great strategy, and I'd argue they aren't executing it like the Warframe devs (which is its direct competitor I guess).
I'm fine with content being vaulted to make room for new content. What I have an issue with is when the new content isn't even half of the quality of what they removed. I quit playing shortly after menagerie was removed for exactly that reason.
not to mention their response to accounts hacked is "lol get fucked" they /might/ give you access but they refuse to do any rollbacks or anything even if it isn't your fault. Shitty company with shitty practices. Was destined to fail eventually.
Man as a long term destiny player, this has just been heartbreaking. The latest expansion was absolutely amazing and you could tell the devs really put their heart and soul into it. And now a lot of them are gone. The narrative leads, longtime leaders of the franchise, all canned.
Rumors about what's upcoming suggest a major downsizing in the content that's going to come out for players too. So I'm not even sure how they plan on continuing to make money.
It just seems like it's dug it's own grave so effectively that there's no way to climb out.
In theory I love their aim of player retention, but they focused on it so exclusively that it became a challenge to start playing, or to come back. The new player experience isn't just bad or non-existent, it's basically actively hostile. Most of the story content isn't accessible anymore, so you're depending on dozens of hours of Youtube videos to catch up on a decade of in-jokes that you can't experience. It's like Eve, but worse because it was written, not just player interaction lore. Even as someone who played D1 and the first few years of D2, looking at current screenshots and trailers is alienating. They've revamped and juggled currencies and what power levels are so much that basically nothing is the same.
The pivot to seasons/microtransactions while ignoring recruitment of new players was a wild choice.
I know it's a long shot, but I sincerely hope that if (when) Sony takes over management at Bungie, they at least try to hire back some of their talent that worked on TFS.
I never even realised they were owned by Sony. I’m sure I remember them saying they left Microsoft to have greater control internally. Seems mad to go for more of the same.
The short of it is: why is he making that much money in the first place, especially at a time where the game's industry has seen record-breaking layoffs for the past 2 years - worse than during the 2008 financial crash.
The long of it is that they're symptoms of the same problem and show the ever increasing wealth disparity between the aristocracy and the commoners in the US. In 2020, the wealth disparity in the US was said to be on par with France just before the French Revolution, where the price of a loaf of bread hit a full day's wages for the average worker. To add to this, at least one of the people laid off was going on scheduled maternity leave the next day, which is probably in violation of some workers' rights law, but because the majority of states are "at will" employment states, Bungie won't face any consequences. The average time for people in the industry to find a new job is 2-4 months, and with all the layoffs, plenty of these people will never work in the industry again. And on top of that, these workers are already exploited so badly for their passion for making games that they could see a 50% or more pay increase with lower responsibilities for the same skill set just by changing industries. There are people working at Activision-Blizzard-King who are living out of their cars because they don't get paid enough to afford rent within commuting distance of the studio.
People are waking up to the fact that the boss makes 10 grand while we make a dime, and they're getting pretty pissed about it.
People are pointing out the juxtaposition of many people losing their jobs while one person spends silly amounts of money on toys. It’s not that he spent it on toys, it’s that he made so much that he was able to waste it on frivolity while others around him suffered.
If the company is doing this poorly under his leadership, why is it he gets to keep his obscene pay while others lose their jobs, their healthcare and maybe their homes?
That's the thing, it might have been company funds. Back when Sony bought Bungie, they made a giant fund for severance in case of layoffs, so that devs would have a bit of a safety net if worst came to worst. Fast forward to October 30th, 2023, and that money is just... Gone with the wind. My facts may be a little muddled but I'm fairly certain that's how it played out.
I just cannot fathom this absolutely brainlet, short-term thinking. Yeah, these people have created some of the best content we've ever made (according to player feedback). Let's fucking fire them all!
When did "investing" die and rise as a revenant obsessed with burning down the building to get one more penny? Do billionaires know something we don't and are burning everything down because the planet's gonna explode?
It’s because of the MBA class of people. They cannot innovate. They are bizzaro engineers, rather than improve and solve problems while making new products, they take existing labor and ideas, destroy them and the company attached, and somehow collect money.
What's next after that? Someone into experimental submarines made of questionably reliable carbon fiber? Because I saw that movie before and uh, spoiler alert