Pokemon Go Maker Niantic Closes Studio, Cancels Games
- Job cuts of 230 represent a fourth of the company’s staff
- New projects haven’t delivered the revenue that was needed
A person plays Pokemon Go in Yokohama, Japan.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Pokemon Go maker Niantic Inc. is closing its Los Angeles game studio and canceling NBA and Marvel titles in a restructuring aimed at stabilizing the company’s finances.
Niantic will cut 230 jobs, or about 25% of its staff, a spokesperson said Thursday.