Except it's not transphobic, but is instead insensitive.
I don't know Mr North, but being a public figure and posting on his own public twitter account, I don't think there was any malice or "ist", "ism" or "ic" intent.
So no, Bungie should not take any steps to stop working with him or get involved.
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being transphobic is insensitive i agree Nolan north should have been way more considerate