Report: Bungie at risk of full Sony takeover

gamedeveloper.com:

The tumultuous saga at Bungie continues, with a new report from IGN claiming the studio may be completely taken over by Sony depending on the performance of June 2024's Destiny 2: The Final Shape. 

Sources speaking to the outlet explained that when Sony acquired the developer last year, Bungie was contractually obligated to meet certain financial goals. Should those goals not be met by a particular amount, Sony can dissolve the current board and take full control of the company. 

Presently, Bungie's board is CEO Pete Parsons, co-founder Jason Jones, CTO Luis Villegas, PlayStation Studios head Herman Hulst, and Sony senior VP Eric Lampel. NetEase's Simon Zhu (which helped Bungie gain independence from Activision Blizzard) is believed to have left following the acquisition.

The potential takeover is what spurred the October layoffs, and sources also claim that Bungie has enacted further cost-cutting measures. Current staff confirmed a hiring freeze at the studio, and that several benefits like holiday bonuses and reduced travel benefits have been scaled back or wholly eliminated.

Morale at Bungie is said to be "soul-crushing" over the last month, not helped by an alleged indifference from management. Leadership reportedly told multiple employees that further layoffs may still be possible, depending entirely on the performance of Final Shape. 

Employees recalled how they asked leadership if they were taking pay cuts to prevent layoffs, the response to which was that Bungie was "not that kind of company." 

However, that leadership is allegedly a company that's heaped additional responsibilities on outsourced QA testers and become increasingly hostile towards them. Within the last year, workloads for QA staff have increased, while