Niantic Layoff Affects Four New Titles! Here are the Projects Canceled by 'Pokemon GO' Developer

Niantic's latest layoff decision is now affecting four new titles. The "Pokemon GO" developer announced that its new projects had been canceled as part of the worker dismissal activity.

As of press time, many companies are already terminating some of their employees as part of their efforts to retain their revenues.

Tesla is the top company making the headlines when it comes to layoffs. Now, Niantic joins the list of companies laying off their staff.

Niantic Layoff Affects Four New Titles!

According to Bloomberg's latest report, the layoff activity of Niantic was confirmed by the company's CEO John Hanke via his official email message to their staff.

"We recently decided to stop production on some projects and reduce our workforce by about 8% to focus on our key priorities," said Hanke, as reported by IGN.

Of course, he thanked those individuals who greatly contributed to the success of Niantic. On the other hand, Niantic's CEO said they will still support employees who want to leave the company independently.

This shows that the game developer is now struggling to maintain revenues. You can visit this link if you want to see further details about the layoff of Niantic.

Affected Game Projects of Niantic

Hanke explained that they are terminating some of their employees (around 85 to 90 staff) so that they can further streamline their operations.

The CEO added that this would allow them to best their position in case there is an economic concern. Because of this, Niantic is forced to close its projects.

These include the new Transformers game, "Heavy Metal," announced in 2021. Aside from this new title, "Hamlet," "Peridot," and the "NBA All-World" are also canceled.

As of writing, Niantic hasn't confirmed if they will continue these new games and when.

Meanwhile, Niantic's "Pokemon GO" pullout in Russia previously happened.

Recently, Niantic's 8th Wall deal was a success.

For more news updates about Niantic and other game developers, always keep your tabs open here at TechTimes.

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Written by: Griffin Davis