Bungie CEO Parsons has addressed today’s news in a public statement.
“Today is a sad day at Bungie as we say goodbye to colleagues who have all made a significant impact on our studio”. “What these exceptional individuals have contributed to our games and Bungie culture has been enormous and will continue to be a part of Bungie long into the future.”
Updates seem to point to even core team members getting the boot. It sounds like this is a ripple effect of PlayStation being restructured to lower costs. Of course, not much is confirmed.