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.
TAX THE FUCKING RICH!!!
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.
70% of that $2.4 million should have been taxed
It’s literally post-tax income already, lol.
Ok, I get it, 70% of what he earned should have been taken in taxes instead of the abysmal 37% minus all the deductions that generally only apply only to the rich. Point remains the same. Tax these fuckers.
That just illustrates a more fundamental problem
You lot are constantly talking about how workers are uniformly short-changed on their labor by their employers, underpaid for it and therefore being a profit source for employers, but you never explain why any business would do layoffs like this if that was the case, lol. Do these people who got laid off make the company money or not?
You lot
Very interested in who “you lot” refers to when you’ve had a different commenter every reply in this thread.
Do these people who got laid off make the company money or not?
What’s your position here? That labour isn’t exploited and undervalued by the people who profit off it? That if it was, no one ever would be sacked? These companies usually go through phases of hiring talent when they predict they need more labour done (ie when they want to increase profit).
Seems like Bungie haphazardly acquired more talent than it needed, presumably under the assumption that the company would grow indefinitely. It didn’t. So what’s the easiest and shittiest way to bring the company ledger out of the red?? You guessed it, sack them. There’s also a bit of an upset at the idea of paying executives million dollar salaries, then sacking hundreds of actually productive employees.
sacking hundreds of actually productive employees.
If they were “actually productive”, sacking them would hurt the bottom line, not help it.
Yeah no. If that was all you managed to get from my reply then it isn’t worth continuing this discussion.
HERE is some information regarding these companies and CEOs that you are stupidly and disgustingly sticking up for. Hope that helps.
Nobody deserves to be able to buy $2.4mil of toys. Period. This guy is gross.
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?
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.
The question is: can a wealthy philantropist do more good than a wealthy psychopath can do harm? Buying cars is not really bad per se, it just shows they don’t care for anything but themselves. Spending money on research to solve global warming on the other hand…
Edit: I’m just playing devils advocat. I know it is no solution to all our problems and I hate cumulation of wealth in the hands of a few. But thats the world we live in and I just try to find a silver lining.
I would argue that a collectively wealthy society with middle-class wealth can do far more good than a single philanthropist with god-levels of money. Buying cars isn’t bad, but you’re glossing over the fact that they’re classic cars, i.e. very expensive hobbyist toys; these are not daily drivers, and they point to the gross inequality of the CEO being able to have millions of dollars of play money while he treats real humans like numbers in an expense formula.
Plutocracy is not the answer just because you have one good plutocrat for every nine monsters, because you still have nine monsters countering the efforts of the one.
Individual philanthropy is never a solution. Most of the breakthroughs happen by public funding. Tax the rich, and fund the research. Don’t let the MFs claim they’re helping anyone out by donating 1% of their stolen wealth.
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.
I was awarded a patent that was going to make mine and the company it supported a lot of money. (Of course I didn’t get any of it, but whatever) I was invited to go have steaks with the customer company and to pack some comfortable clothes, spend a few days in Texas. What I didn’t realize was who was going to be there.
We didn’t have steaks in the normal way of let’s sit down at the fancy building and eat. It was the board of directors, those guys who own the company. They wanted to take the engineers out for a few days. When the management and CEO tried to come along, they did a “why are you talking to us? Get back to work”. They wanted to hear about how we came up with this stuff.
Took their Suburban convoy out to an oasis country club and we were given some pants and new shirts. Nothing special I thought, but they were some special member’s club gift they give out. We went shooting, and their shotguns cost more than my house. Told them I feel weird holding it. “Nah! If you drop it it’s fine! Can get another one”
These guys had more money than I could fathom, but none of it seemed show-off, Gucci handbag level stuff. It was all made to look like nicer stuff you would buy from Macy’s. It was all custom tailored just for them. They didn’t need to show off to each other at that point. It was a fun couple of days. We stayed there, I had a room all to myself that was more like a master bedroom than a hotel.
I tried to find out where breakfast was and the staff laughed. “It’s ok, what would you like? We will bring it to your room.”
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
So we send them to the fucking gallows if they can’t live with the rest of us. ALL OF THEM!
So incredibly wasteful and vain.
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.
Now vain on the other hand…
It’s wasteful to own more than one or two cars, let alone dozens regardless of how well they hold value.
What would you rather do with all these old classic cars that require a great amount of money to keep running, then?
How about putting that money towards museums for these cars that allow the general public to appreciate them as well instead of letting them languish in somebody’s private collection. This would also have the benefit of creating more jobs and helping to improve the flow of money in the economy.
Or take that money and lay off a handful fewer people
Yeah! I like this idea. Not sure how feasible it is but I’d sure like to see some billionaire at least try it.
Main problem with this I think is who would get to drive them? Because they need to be driven at least a little to keep their shape and to make sense. Not all people could drive them because they need to be driven carefully, which most people can’t do (brand new track day cars are famously beaten up even after a few years, not exactly the same context but something to keep in mind).
This is why a museum would be perfect. You’d have trained employees to maintain the cars, including taking them for a drive. Plus, you could even sell rides in some of them the way they sell rides in F1 cars. Add in car shows and a cycling of the cars on display the way museums don’t have their entire collection on display at all times, and the cars would probably hold up better in the long run.
Ideally, you’d do this with government money pulled from a wealth tax or a foundation rather than trusting some billionaire to do it and maintain the museum.
Meh imperfect world. Let’s just say it would be nice if the talent got useful recognition too, which shifts the scales.
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.
Mythic Quest CEO Level Achieved.
Next up, stories of inappropriate conduct leak and somebody tiger’s a camero.
At the average American salary (approx. $60,000) Bungie could have employed 40 people for one year on what this guy spent on cars.
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.
I appreciate the comment, but is 24 employees really that much better than 40? He spent the money on cars for crying out loud.
The most common number for fully burdened payroll in the US is around 120%. It’s very region, industry, and company specific though.
FWIW that is not the average salary in the tech industry.
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.
We had layoffs earlier this year, and I don’t know if they were absolutely necessary, but the financial situation was admittedly not good at all.
Since then we’ve lost some of the best and most talented coworkers I had, and morale is only just now recovering it feels like.
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.
Wanna know what’s even more sad? That 2.4m is only enough to pay for salary of 10 employees. This is salary, benefits, and additional respurce costs and personel usage. Basing this based on my friends who work for bungie and their salary is nothing enough for this areas cost of living.
So instead of spending money on extravagant expenses they could have fired 5% less people this round… Compared to what the money is spent on that still sounds good.
Though it indeed makes little difference in the big picture, this is still a bad image.
That still doesn’t justify paying one person so much that his budget for shoving old cars in a garage is the pay for ten people who actually work
I guess the final shape ended up being a garage full of cars that will never be driven.
This is exactly correctly astute
You finally found out you’re just a digit.
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.
Fuck Parsons.
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.
Same :(
Boy what an excellent time to pivot into Remnant 2. 2 excellent dlcs out and one more on the way.
It would also be another thing is this was a “hero” CEO.
But… what has Bungie done that’s interesting besides Destiny? Was his plan was to just keep doing that?
Destiny was supposed to be their “forever” game, the problem is that after 2 dozen expansions:
- New players are extremely intimidated about joining
- Old players dislike losing the content they’ve paid for when it’s vaulted
- Long term players will eventually get bored of playing the same thing they’ve been playing for years
Live service games just won’t last forever like they want them to.
Precisely.
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.
I exited with a “lol no” when I saw the state of lightfall. So glad I did.
It’s still a shame for the devs. Quite talented people, it’s once again a case of major management fuck up and devs paying the bill…
Quite talented people, it’s once again a case of major management fuck up and devs paying the bill…
Workers pay the price for mistakes made by the C-Suite.
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.
They do have a pretty sound reasoning for that though. Recoveries (which are services where someone better at the game than you logs into your account to play on your behalf) are a big thing in games like D2, and are also against their ToS. The tl;dr is that if you give your account information to someone and they play your game, and just so happen to cheat, that’s your fault for giving your information away.
yea im not talking that though, it’s bad buisness sense to not assist your customer with recovering their account in terms of a break in. That customer is no longer going to spend money or even play your game anymore. I know of a few people who rarely touch Destiny anymore, one of them was a past ambassador of the game due to the shitty security setup of destiny’s third party integration allowing someone to hijack the account and then destroy it.
It takes almost no effort to just roll the account back and anything that was related to it, it’s all logged as they have to do so for the inventory system to properly work with the market. This would be a relatively simple process with almost no cons to the company or the buisness, but they would rather just hope that the player will spend money again on shit, and that’s not including the time limited shit you can’t get back. Complete disregard to your user base is a huge turnoff for me.
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.
Looks like Sony only bought them in 2022 source
Guys, all of you are being really mean. Do you know how many cars he would have to give up buying if he didn’t lay all those employees off?
At least one. Probably.
this company is about to implode, no doubt. there’s no way they recover from this when they launch whatever comes next (I hope I am wrong, but this is just so messy)
He knows it too…
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?
The fastest way to make money is to buy a company, liquidate its assets, and sell off the IP.
There needs to be a legal minimum time for investment.
You bought part of a company? Great!
You can sell in 10 years.
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.
The 2.4 million are company money. Money that he had no right to spend on himself be it cars or otherwise.
Please elaborate on your comment, because it makes no sense to me.
He bought himself luxury sports cars using company money under the guise of “company car”.
Hiding your assets behind a corporate veil is a relatively common form of fraud and tax evasion for rich people.
