Layoffs and the cancellation of the Marvel game "Pokémon Go"

Niantic announced the closure of its LA studio and 230 layoffs. This decision shuttered NBA All-World and Marvel: World of Heroes.

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[{"selector":"#anim-2f936aa1-dc3a-43d3-8666-e6a65de5fef7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-67.13867210086805%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":9000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] In an email to staff, CEO John Hanke cited financial difficulties since the outbreak.

He said expenses exceeded revenue. Niantic published the email.

“Post-Covid, our revenue returned to pre-Covid levels and new projects in games.

And platform have not delivered revenues commensurate with those investments.

[{"selector":"#anim-c4966d45-1896-4283-87ab-b2aedf927744 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-68.29316235017947%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":9000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Hanke wrote in his email. “This change will align expenses and revenue whil“Post-Covid, our revenue returned to pre-Covid levels and new projects in.

Games e preserving our core assets and long-term upside.” Hanke blamed the current issue on scaling mobile game launches and a slower AR market than Niantic projected.

Layoffs and the cancellation of the Marvel game "Pokémon Go"

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