The US-based firm says it will also close its studio in Los Angeles and cancel two video game titles.
The maker of the Pokemon Go video game, Niantic, says it will cut a quarter of its workforce as the gaming industry faces a slowdown in demand after downloads surged during the pandemic."We have allowed our expenses to grow faster than revenue," US-basedAt the time, technology giant Apple said the augmented-reality game broke its app store record for the most downloads in a week.
A total of 230 workers from across Niantic, including those in its game platform team, will be affected by the job cuts. The company will also retire its NBA All-World game, which was released in January, and stop production of its Marvel World of Heroes title.
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