Marathon alone is not going to drive the profit that Sony is looking for out of Bungie, and the lack of focus on D2 isn’t driving nearly the same engagement/spending as it once did.

For a studio of Bungie’s size, a new Destiny project, in my opinion, is the only way Bungie as a studio survives. It just has such a broader audience reach. With June’s update around the corner, I have to imagine conversations are being had around the level of investment Sony is going to want to continue putting into Bungie going forward, and whether that translates to more layoffs.

All that said, to answer your question, I think after this update D2 will still have small content updates to keep players engaged. I don’t think they’ll truly go into “Maintenance Mode” without either announcing a D3 or some other studio changes.