Also, they attempted to soften the blow by sending many people from Bungie into SIE instead of just cutting them. I thought the number of jobs lost was going to be closer to 350.
I'll put it as far as I know, which isn't everything by a long shot: In time, Bungie will lose its autonomy and will become like any other PlayStation Worldwide Studio under SIE and Herman Hulst.
And by "in time," I just mean that this is a process that is starting now. But it is happening.