Bungie

Bungie

Develops and supports video games franchises

About Bungie

Simplify's Rating
Why Bungie is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Gaming

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$97.3M

Headquarters

Bellevue, Washington

Founded

1991

Overview

Bungie develops and supports popular video games, most notably the Destiny and Halo franchises. Their games are available on multiple platforms, including Xbox, PlayStation, and PC. Bungie's products work by offering players immersive gameplay experiences, which are enhanced through expansions, updates, and in-game purchases. Unlike many competitors, Bungie places a strong emphasis on community engagement, providing features such as clan support and seasonal events to keep players connected and active. The company's goal is to create high-quality gaming experiences that foster a loyal player base and encourage ongoing interaction within their gaming communities.

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Simplify's Take

What believers are saying

  • Increased focus on Destiny and Marathon could lead to more polished game releases.
  • Integration into Sony may enhance Bungie's game development capabilities.
  • Releasing the original Marathon Trilogy on Steam could expand Bungie's audience.

What critics are saying

  • Recent layoffs may decrease morale and affect game development timelines.
  • Scrutiny of PlayStation's acquisition could pressure Bungie to deliver financially successful games.
  • Ceasing internal development on a new game may result in delays or quality issues.

What makes Bungie unique

  • Bungie is renowned for creating iconic franchises like Destiny and Halo.
  • The company focuses on immersive gaming experiences across Xbox, PlayStation, and PC platforms.
  • Bungie fosters a strong community with features like clan support and seasonal events.

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Funding

Total Funding

$97.3M

Above

Industry Average

Funded Over

2 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Remote Work Options

401(k) Company Match

Flexible Work Hours

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-1%

2 year growth

0%
TechCrunch
Aug 15th, 2024
A Comprehensive List Of 2024 Tech Layoffs

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. It also serves as a reminder of the human impact of layoffs and what could be at stake in regards to increased innovation.Below you’ll find a comprehensive list of all the known layoffs in tech that have occurred in 2024, to be updated regularly

PlayStation Lifestyle
Aug 1st, 2024
PlayStation's $3.6B Bungie Deal Scrutinized

PlayStation’s $3.6 billion acquisition of Bungie is under scrutiny amid a second round of mass layoffs at the studio. The PlayStation community is questioning the value of the acquisition, especially as Sony's live service projects have largely underperformed. Reports suggest Sony gave Bungie an ultimatum to stop financial losses before the layoffs. Bungie admitted Destiny 2 is underperforming, and PlayStation Studios boss Hermen Hulst is reportedly taking charge of the studio.

VentureBeat
Jul 31st, 2024
Bungie Lays Off 220 People Amidst Shift To ‘New Path’

GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here. Bungie announced today that it’s laying off more of its employees — specifically, it’s laying off 220 people, or about 17% of its workforce. In addition, it’s also integrating 155 roles into Sony Interactive Entertainment. The developer previously laid off around 100 people in October 2023. As part of the announcement, Bungie also revealed it was working on a new game

GeekWire
Jul 31st, 2024
Bungie Lays Off 220 Employees; Ceo Says Studio Was ‘Overly Ambitious’ In Memo Detailing Miscues

Destiny 2. (Bungie Image)Bellevue, Wash.-based game developer Bungie announced Wednesday that it is laying off approximately 17% of its workforce, or 220 roles.“Due to rising costs of development and industry shifts as well as enduring economic conditions, it has become clear that we need to make substantial changes to our cost structure and focus development efforts entirely on Destiny and Marathon,” CEO Pete Parsons wrote in a post on the official Bungie website.The layoffs affect “every level” of the company, and include “most of our executive and senior leader roles,” as per Parsons’ post.In addition, Bungie will integrate approximately 155 (12%) of its current roles into its parent company Sony Interactive Entertainment, and will cease internal development on one of its next unannounced projects.That project, an action game set in “a brand-new science-fantasy universe,” may be the new IP that Bungie was teasing as recently as August of last year. Notably, it hasn’t been canceled, but will instead be spun out to a new developer in the PlayStation Studios network.Parsons writes that the reorganization is the result of a combination of factors, such as the “quality miss” of last year’s unpopular Destiny 2 expansion Lightfall, the internal effort of maintaining development on both D2 and the upcoming PVP shooter Marathon, and the general economic slowdown of 2023.“We were overly ambitious, our financial safety margins were subsequently exceeded, and we began running in the red,” Parsons wrote.While Destiny 2’s most recent expansion, June’s The Final Shape, was met with rave reviews, it didn’t bring in enough revenue to prevent the current reorganization. Bungie will now work exclusively on Destiny and the upcoming revival of Marathon.Founded in 1991, Bungie is currently best known for its massively-multiplayer online shooter Destiny 2, which wrapped up its current main story arc in June. Bungie was also the original developer on the Halo series, which launched alongside the Xbox console in 2001 and rapidly became a tentpole franchise for Microsoft’s console division. Bungie was purchased by Microsoft in 2000, went independent again in 2007, and was subsequently purchased by SIE in 2022.This is Bungie’s second major reorganization in nine months, following the dismissal of 100 employees in October

MMOBomb
Mar 22nd, 2024
Destiny 2 Introduces New PvE Activity Onslaught, And PvP Strike Team Provides Update On Weapons Sandbox

Destiny 2 introduces new PvE activity Onslaught, and PvP Strike Team provides update on weapons sandbox.

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