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Bungie lays off 220 people, will set up spin-off studio
(wolfsgamingblog.com)
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They aren't making a shitty finals. Last I heard they originally wanted to make a tarkov style extraction shooter, but when they got Tarkov creators to play it and call it shit they pivoted into some kind of a tarkov/overwatch mix of hero based extraction shooter or something like that.
That's when I stopped paying attention as it's most likely in development hell.