Pokemon Go creator Niantic cancels four projects and lays off about 90 people

Seemingly unable to replicate the success they saw on Pokemon GO in other series, Niantic announced that four of its ongoing projects had been canceled, following which they laid off 8% of their staff. Cancelled projects include Heavy Metal (Transformers games) Hamlet (Theatrical Company’s Niantic and Punchdrunk projects) and Blue Sky and Snowball. As you may recall, in 2019 Niantic launched Harry Potter: Wizards Unite, which shut down earlier this year, and created Pikmin Bloom, which failed to attract users but is still running.The company is now working on NBA Global“Players can find, challenge and compete with today’s NBA players in their communities.”

Niantic Chief Executive John Hanke wrote in an email to employees reviewed by Bloomberg that the company is “facing a period of economic turmoil” and has “reduced costs in every area.” But Hanke said Niantic needs to “further streamline our operations to put the company in the best position to weather any economic storm that may arise.”

yahoo.com

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