Niantic Labs, recognized for creating the hit augmented actuality sport Pokemon Go, is shedding round 90 staff and cancelling 4 initiatives.
The corporate confirmed the lay offs in a press release CNET, saying it “just lately determined to cease manufacturing on some initiatives and cut back our workforce by about eight % to deal with our key priorities. We’re grateful for the contributions of these leaving Niantic and we’re supporting them by way of this tough transition.”
Niantic’s CEO, John Hanke, stated in an e-mail to employees that the corporate was “dealing with a time of financial turmoil” and was making the cuts in an effort to navigate “any financial storms that will lie forward,” in response to Bloomberg.
Niantic additionally stated the choice will enable them to deal with their “most necessary priorities together with Pokemon GO and a choose set of latest experiences, in addition to the Lightship platform.”
Regardless of the lay offs and cancelled initiatives, the corporate remains to be shifting ahead with a brand new augmented actuality sport in partnership with the NBA referred to as NBA All-World, which was introduced on Tuesday.