The Wall Street Journal: ‘Pokemon Go’ creator Niantic lays off 8% of the workforce, halts some projects

Niantic Inc. has laid off about 8% of a workforce and stopped prolongation on several projects, a association pronounced Wednesday, as a creator of a renouned diversion “Pokémon Go” struggles to furnish another dermatitis hit.

Closely hold Niantic pronounced it would persevere courtesy to games such as “NBA All-World,” a newly announced pretension featuring protracted reality, or AR, record that it’s creation in partnership with a National Basketball Association. It will also work on a app-development height called Lightship and “Pokémon Go,” a groundbreaking AR diversion for smartphones that exploded in recognition after rising in 2016.

“This means we can concentration on a many critical priorities,” a orator for a association said. “This increasing focus, as good a clever core business, puts us in a position to continue a broader mercantile doubt many companies are confronting and continue investing in a destiny of AR.”

Bloomberg News progressing reported on a layoff plans.

The Niantic proclamation comes amid ascent retrogression fears and descending valuations for bonds that have stirred many tech companies to delayed or solidify hiring, or in some cases, announce layoffs.

An stretched chronicle of this news appears on WSJ.com.

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