TechVideogames

Pokémon Go creator, Niantic, reduces its workforce due to economic reasons

Share
Share

Niantic, the creator of the Pokémon Go mobile video game, revealed that it will be laying off 230 of its employees and is set to make changes to the company following economic difficulties. In addition, Niantic will also close its studio in Los Angeles and announced it will also cancel two games.

Niantic CEO, John Hanke, confirmed the unfortunate news for the employees in a letter that announced the reduction of the business’ workforce. He also corroborated the shuttering of the company’s studio in Los Angeles and canceled the launching of  NBA All-World and Marvel: World of Heroes.

Regarding the reasons, Hanke stated that the company increased quickly during the great demand for digital service in the early stages of the COVID-19 pandemic. Moreover, the Pokémon Go video game was one of the very first video games to use augmented reality in 2016 and brought millions of people together to catch them all.

However, times have now changed Hanke stated that, after pursuing growth and expanding Niantic’s business, the new projects they have released did not deliver the expected revenues and for that reading the cut will be made. He stated:

“In the wake of the revenue surge we saw during Covid, we grew our headcount and related expenses in order to pursue growth more aggressively, expanding existing game teams, our AR platform work, new game projects and roles that support our products and our employees. Our revenue returned to pre-Covid levels and new projects in games and platforms have not delivered revenues commensurate with those investments”

In spite of the discouraging declaration, he also stated that Niantic’s top priority is to maintain Pokémon Go healthy and “growing as a forever game.” He later added that employees should expect a “more result-based” approach moving forward.

Share
Related Articles
PoliticsTech

Lyon Cuts Ties with Microsoft and Embraces Open-Source Software to Achieve Digital Sovereignty

The French city of Lyon has announced an ambitious technological shift: it...

PoliticsTech

Brazil Orders Social Media Platforms to Take Responsibility for User Content

Brazil’s Supreme Federal Court approved a landmark decision on Thursday requiring social...

Tech

China Bets on Raw Power: Loongson Unveils Processors with Up to 64 Cores and 300W TDP

Chinese chipmaker Loongson has officially announced the launch of its latest generation...

TechViral

Severe WinRAR Vulnerability Exposes Millions of Users: Patch Now Available

WinRAR, one of the most widely used compression tools on Windows systems,...

TechViral

Global iCloud Outage Leaves Millions Without Access for Nearly Five Hours

On June 24, 2025, millions of users around the world were affected...

Tech

Security mitigations reduce Intel GPU performance by 20%

Just like their processors, Intel’s graphics cards are also affected by security...

Tech

U.S. Congress Flags DeepSeek as National Security Threat Over Ties to Chinese Military

A bipartisan committee in the U.S. Congress has labeled Chinese artificial intelligence...

TechViral

Olympic Cats Made with AI? Here’s How the Latest Viral Phenomenon Was Born

When you mix two of the internet’s biggest obsessions — cats and...