Niantic Layoffs
June 2023
Niantic announced a layoff affecting 230 employees in June 2023. The company operates in the Other sector.
230
Jun 29, 2023
About
Niantic, the San Francisco-based mobile games developer known for Pokémon Go, laid off 230 employees on Thursday as part of a company reorganization. This reduction represents a significant portion of its workforce, though the exact total employee count isn't specified. The layoffs are attributed to both internal and external factors, including a challenging macroeconomic environment and shifts in the mobile gaming industry. Specifically, changes in app store policies have made user acquisition more difficult and expensive, complicating the launch of new games. As a result, Niantic is canceling NBA All-World and halting production on an unreleased Marvel title, while closing its Los Angeles studio. The company is refocusing its efforts, prioritizing support for Pokémon Go and investing in future augmented reality platforms.
Source
View Sourcewww.cnbc.comMore Other Layoffs
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