August 14, 2022

What you need to know 

  • Niantic has canceled four of its upcoming projects, including the Transformers-based Heavy Metal. 
  • The company will also cut about 85-90 jobs, or about 8% of their staff. 
  • The move comes as Niantic faces “a time of economic turmoil” and looks to continue streamlining operations within the company. 

Niantic — developers of the hit game Pokémon Go — have canceled four of their upcoming games, and are reportedly ready to cut about 85 to 90 jobs within the company. 

According to an email received by Bloomberg, Niantic Chief Executive Officer John Hanke said that the company was currently “facing a time of economic turmoil,” and had already begun attempting to cut costs in a variety of places within the business. However, Hanke noted that the company had to “further streamline our operations in order to best position the company to weather any economic storms that may lie ahead.”