Presumably because (among other things) spending a bunch of money on classic cars:

https://kotaku.com/bungie-pete-parsons-layoffs-classic-cars-sony-buyout-de-1851610196

https://www.bloomberg.com/news/newsletters/2024-08-02/sony-s-bungie-maker-of-halo-and-destiny-faces-reckoning-after-mass-layoff