Pokemon Go makers company reduces work staff and shuts down games studio

Niantic company which is also the creator of Pokemon Go has announced recently that it will terminate 230 employees in order to reorganize the business. The firm is a mobile games developer that is situated in San Francisco and it is also been known that they will shut down the Los Angeles-based studio, wherein most of the impacted employees are working.

The layoff is also being done as the demand for games has lowered after the pandemic and people hardly downloaded games. In an interview, the chief executive of Niantic John Hanke also mentioned that they will be withdrawing the Marvel World of Heroes game along with the latest released NBA All-World game.

Niantic even stated that post-Covid, the expenses are increased instead of the revenue and it is becoming difficult to cope as the new projects and games that they have launched aren’t receiving enough revenue. They believe that the cut down in staff will surely balance the level of expenses and revenue and the company will be able to preserve its core assets and long-term upside.

In 2016 when Pokemon Go was launched for the first time, the game created a huge sensation among teenagers and adults. Many gamers used to scavenge places and areas nearby them as the prospect of the game. Soon, reports started occurring wherein, there were traffic incidents, injuries, and robberies as users used to be glued to their phones and many deaths also happened as a result of that.