Bungie's 2026 has been defined by a roughly $765 million Sony impairment, the end of Destiny 2 content development, 292 confirmed layoffs in June, and a change of studio head from Justin Truman to Poria Torkan. Since September, the studio has apologized to players, committed to unvaulting old Destiny 2 content and announced a December 8 Symbiosis update for Marathon.
Published November 4, 2026 by the Guardian Sherpa Team.
Key facts
- March 5, 2026: Marathon launched on PS5, Xbox Series X and S, and PC.
- May 2026: Sony reported an impairment of about 120.1 billion yen, roughly $765 million, against Bungie's intangible and other assets for the fiscal year ended March 2026.
- May 21, 2026: Bungie announced Monument of Triumph, released June 9, as Destiny 2's final content update.
- June 25, 2026: Bungie confirmed layoffs. A Washington State WARN filing lists 292 job losses in Bellevue, effective July 9.
- June 25, 2026: studio head Justin Truman stepped down; Poria Torkan, previously VP of Operations, now leads Bungie.
- September 21, 2026: Bungie's apology video committed to unvaulting Destiny 2 content and reworking Marathon.
- December 8, 2026: Marathon's Symbiosis update date after a delay from its original schedule.
Why did Sony take a $765 million hit on Bungie?
In its results for the fiscal year that ended in March 2026, Sony recorded an impairment of about 120.1 billion yen, roughly $765 million, against Bungie's intangible and other assets, as reported by GamesRadar+ on May 8, 2026. Sony paid $3.6 billion for Bungie in 2022. GamesRadar+ noted that the article did not have Sony's full stated reasoning, and linked the loss to Marathon's performance and related factors. An earlier impairment tied to Destiny 2 assets cost Sony about $204 million in its second quarter.
How has Marathon performed?
Marathon, Bungie's extraction shooter, launched on March 5, 2026. GamesRadar+ cited an estimate of about 1.2 million copies sold in its first month, which it said fell below expectations, and Shacknews reported that its concurrent Steam players had not gone above 88,000 since launch. In September, Bungie said it would take Marathon beyond its original genre toward a deeper survival experience. Marathon's Symbiosis update was moved to December 8, 2026, and Bungie dropped its fixed seasonal schedule for the game.
How many people did Bungie lay off in 2026?
On June 25, 2026, Bungie confirmed a new round of layoffs. A WARN notice filed with Washington State lists 292 job losses in Bellevue, with an effective separation date of July 9, according to GeekWire. Some early reports cited higher figures of up to about 400, but 292 is the number in the official filing.
Sony Studio Business Group CEO Hermen Hulst told staff the cuts included most of the Destiny team and some Marathon team members, and said Marathon remains an important part of Sony's portfolio. Bungie said on Bluesky that Destiny 2 fell short of expectations these past several years. GeekWire counts three rounds of Bungie layoffs since the 2022 acquisition: about 100 jobs in October 2023, 220 in July 2024, and this round.
Who runs Bungie now?
Justin Truman stepped down as studio head on June 25, 2026, as reported by Bloomberg's Jason Schreier and Forbes' Paul Tassi. Truman had succeeded Pete Parsons in August 2025, so his tenure lasted less than a year. Poria Torkan, an 11-year Bungie veteran who was most recently VP of Operations, now leads the studio. Torkan appeared with Head of Product Josh Deane in the September 21 video, saying: We are absolutely not done with Destiny.
Is Destiny 2 shutting down?
No. Bungie ended new content development with Monument of Triumph on June 9, 2026, but servers remain online and Bungie said the game will remain playable, with small bug fixes continuing. Since then, Bungie has announced plans to unvault older campaigns and raids, a Destiny 2 Celebration and a project called Destiny Legacy, with more details targeted for February 2027. Bungie has not announced a Destiny 3, and Deane described the plans as intentions that may change.
What this means for your carries
Destiny 2 is still online, and its raids, dungeons and Trials are all playable, so our services continue as normal. Browse the full catalog, plan long-term goals with the titles and seals guide and the Exotic and catalyst guide, and check the weekly reset planner for featured rotations.
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Frequently asked questions
How many Bungie employees were laid off in June 2026?
A Washington State WARN filing lists 292 job losses at Bungie in Bellevue, with an effective separation date of July 9, 2026. Sony said the cuts included most of the Destiny team and some Marathon team members.
Who is the head of Bungie now?
Poria Torkan, previously Bungie's VP of Operations, leads the studio after Justin Truman stepped down on June 25, 2026.
How much did Sony write down on Bungie?
Sony recorded an impairment of about 120.1 billion yen, roughly $765 million, against Bungie's intangible and other assets for the fiscal year that ended in March 2026.
Is Destiny 2 still playable?
Yes. Content development ended with Monument of Triumph on June 9, 2026, but servers remain online and Bungie said the game will remain playable with small bug fixes.
Sources
- GamesRadar+ via Yahoo Finance: Sony reports $765 million impairment on Bungie (May 8, 2026)
- GeekWire: Sony cuts 292 jobs at Bungie (June 2026)
- TheGamer: Bungie studio head steps down (June 25, 2026)
- Push Square: Bungie boss gone after layoffs (June 25, 2026)
- GameDaily via Yahoo: Bungie apologizes, commits to unvaulting (September 21, 2026)
- PSU: Marathon delays its next update to December 8
- Shacknews: Destiny 2 Steam players vs Marathon peak (June 9, 2026)