Pokemon Go Creator Niantic Cancels Four Projects, Cuts 8% of Staff

Gaming company Niantic Inc., which has struggled to find another big hit following its 2016 game Pokémon Go, canceled four projects and will cut about 85 to 90 jobs.

In an email to staff reviewed by Bloomberg, Niantic Chief Executive Officer John Hanke wrote that the company was “facing a time of economic turmoil” and had already been “reducing costs in a variety of areas.” But Hanke said Niantic needs to “further streamline our operations in order to best position the company to weather any economic storms that may lie ahead.”