Pokemon GO developer company shows 230 workers out, cancels NBA and Marvel games

san francisco (Best Hindu News): Pokémon Go game developer Niantic has announced that it is laying off around 230 employees, shutting down NBA All-World and halting production of Marvel: World of Heroes. Niantic CEO John Hanke shared an e-mail to employees on Thursday, the company said in a blogpost.

I have some news to share with you about the steps we’re taking to set Niantic up for the future, said Hanke. These have meant some difficult changes for our organization, but I believe that if we are to meet the current challenges in the marketplace, which is important, we must seize the long-term opportunity. I have decided to focus my mobile game investments on first party games that most strongly embody our core values ​​of location and local social communities.

In addition, the company is now looking to increase its focus on manufacturing the emerging class of Mixed Reality (MR) devices and Augmented Reality (AR) glasses in the future, which will lead to Niantic closing its Los Angeles studio, reducing the game platform team. Will give and will make additional cuts in the company. In addition, it would end the NBA All-World and cease production of Marvel: World of Heroes.

Hanke said, after the increase in revenue during Kovid, we hired more employees. Expanded staff roles in our AR platform work, new game projects, which increased expenses. He said, post-Covid, revenue returned to pre-Covid levels and new projects in games and platforms have not delivered revenue commensurate with those investments.

Hanke said the move is in the interest of adjusting to new circumstances and developing the company so it can be successful. In June last year, the Pokémon Go game developer laid off eight per cent of its workforce, which was said to be 85-90. The company also canceled four projects during the layoffs, including the “Transformers: Heavy Metal” game.