Friday, 24 March, 2023

Pokémon GO's parent lay-offs 8% of staff, cancels 4 projects

<p>Niantic, the company behind Pok&eacute;mon GO, is having difficulties creating &quot;the real-world metaverse.&quot; With the economy in turmoil, the firm made the decision to lay off 8%&nbsp;of its workforce, which will affect 85 to 90 individuals. The company received $300M&nbsp;just seven months ago at a $9 B valuation, more than doubling its valuation from 2018. CEO John Hanke stated that the business must cut expenses to best prepare for economic depressions that may lie ahead.</p>