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Drakrami said:

Why is it ridicious? Do some thinking. What was Bungie doing last year? Selling itself to Sony. And what to you do when you sell yourself? You paint rosy pictures of high revenue for upcoming years. So if their revenue projections were sky high so they can fetch that 3.6billion acquisition, it is not surprising at all they are short 45% right now. 

They need to trim fat. They axed 100 people, and that's just 8% of their workforce. It means they have a workforce of 1250 people. That is wayyyyyyyyy too much for a developer who's only working on maintaining Destiny 2 and Marathon. 

@underlined, they're still working on other games. Matter is another IP they've had listing for. There have been other incubation projects besides.

Bungie definitely was not cooking their books.

The reality is probably a combination of:
- relatively disappointing expansion

- reversal of the Covid boosts

- some waning of live service games (even Fortnite has stumbled, Epic laid off a lot of people.)