The development team expects "no disruption to all our previously communicated content plans," including for "next year and beyond."
Roughly 17 percent of the studio's workforce is being eliminated, in addition to over 200 additional roles that are being moved elsewhere within PlayStation.
One of Bungie's incubation projects will continue with many members of its development team, only at a new studio that is being spun off by PlayStation.
By heading to Zavala and accessing Onslaught Attunement in the next update, players can increase a weapon's drop chance by 60 percent.
Overthrow chests in The Pale Heart have an escalating chance of granting Exotic Class items, while regular chests are getting nerfed.
Season of the Lost's Righteous Armor set, Sweet Business and Jötunn Catalysts, and new Legendary weapons are also available.
The Exotic sniper rifle now deals 33 percent less damage with Celestial Nighthawk and won't benefit from Sniper's Meditation.
The Gensym Knight Set, new Legendary weapons, Sunshot and Traveler's Chosen Exotic Catalysts and more are also available.
Those venturing into Ghost of the Deep should now be able to see buffs and debuffs underwater, in addition to other fixes and changes.
A new rocket sidearm and pulse rifle, three new Battlegrounds and an encounter with the Conductor are on the cards for July 16th.
Warmind's Braytech armor set, a new random roll for Hawkmoon, new Exotic Catalysts, and Legendary weapons are also available.
Bungie's development team will discuss the new activities, rewards and story developments for the next Act, launching on July 16th.
Bungie has confirmed a livestream to preview and detail the upcoming new content in Act 2, though a date is still pending.
The limited-time vendor offers the Season of the Undying armor, Polaris Lance and Jötunn Catalysts, and new Legendary weapons.
Surges are gone from raids and dungeons, while an exploit to obtain double Exotic class items in Dual Destiny has been fixed.
Grandmaster Nightfalls will also return to the looter shooter starting today, with players tackling Beyond Light's The Glassway.
The Agent of the Nine also has the Kairos Legendary armor set, new Legendary weapons and, oddly enough, a piece of Artifice armor.
Available on consoles and PC, the expansion marks the end of the Light and Darkness saga as players gather to oppose The Witness.
Bungie is turning off catalyst progression, XP and leveling crafted weapons for the activity, but the reward is "totally worth it."
Finally, players can buy more than one Exotic weapon from the vendor. Catalysts, upgrade materials, and much more are also available.