# Bungie CEO Faces Backlash After Announcing Layoffs Amid Classic Car Spending 🚗

**URL:** <https://onehack.st/t/bungie-ceo-faces-backlash-after-announcing-layoffs-amid-classic-car-spending/288128>\
**Category:** News & Articles\
**Tags:** business\
**Created:** [August 2, 2024, 1:12am UTC](https://onehack.st/t/bungie-ceo-faces-backlash-after-announcing-layoffs-amid-classic-car-spending/288128 "2024-08-02T01:12:52Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [August 2, 2024, 1:12am UTC](https://onehack.st/t/bungie-ceo-faces-backlash-after-announcing-layoffs-amid-classic-car-spending/288128/1 "2024-08-02T01:12:52Z")

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**Summary:**

1. **Mass Layoffs Announced** : Bungie is laying off 220 employees, which is 17% of its workforce, citing “financial challenges” due to rising development costs and industry shifts.

2. **CEO’s Spending Under Scrutiny** : CEO Pete Parsons faces criticism for reportedly spending over $2.4 million on classic cars after Sony acquired the company, with continued purchases even after previous layoffs.

3. **Company Restructuring** : Bungie plans to move 155 employees to Sony Interactive Entertainment and spin off a new studio within PlayStation Studios from a team working on a new game, in an effort to manage costs and focus on key projects like Destiny and Marathon.