Bungie Layoffs: Employees Given One Day of Benefits, Unvested Shares at Risk
In a surprising turn of events, Bungie announced layoffs on Monday, affecting several employees. According to a report by Forbes’ Jason Tassi, it was Bungie’s decision to let go of the employees and not due to pressure from Sony. The layoffs occurred on October 30, leaving those impacted with only one day’s worth of benefits.
Impacted Employees to Lose Unvested Shares
Tassi’s source revealed that many of the affected employees held unvested shares following Bungie’s acquisition by Sony. Unfortunately, they now risk losing these shares since they were let go as opposed to resigning.
Health Insurance to Last as Long as Severance
Tassi did clarify that health insurance will last for the duration of an employee’s severance package.
“Blindsided” and “Without Respect or Appreciation”: An Employee’s Perspective
One anonymous source within the company expressed shock over the layoffs and claimed that those let go were treated “without any respect or appreciation of the work they’ve done here.”
CEO Pete Parsons’ Statement on the Layoffs
CEO Pete Parsons tweeted a statement expressing sadness over the departures, acknowledging the significant contributions of those affected.
Bungie Yet to Comment on Full Scope of Layoffs
As of now, Bungie has not issued an official statement with details regarding the full extent of the layoffs. Stay tuned for updates on this developing story in the gaming industry.
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