Why is Destiny 3 not being made?

It’s not being made immediately. Bungie’s future plans for the Destiny franchise reported in the provided coverage indicate that Destiny 3 isn’t under active development, while the studio is winding down Destiny 2’s live-service support and refocusing on other projects. The exact reason given in the summaries centers on Bungie’s restructuring and ending Destiny 2’s content cycle, but no detailed, official causal statement beyond the shift in priorities and workforce changes is included in the provided text.