"Niantic Restructures, Lays Off 230 Employees and Cancels Games"

Niantic, the developer of Pokémon Go, is undergoing a major restructuring that includes closing its Los Angeles office, laying off over 200 employees, and canceling its upcoming Marvel game. The company cites the pandemic-induced surge in expenses and a lack of revenue from new projects as reasons for the restructuring. Niantic will focus on supporting its current titles, such as Pokémon Go, while increasing its commitment to mixed and augmented reality development. The company plans to streamline its workflow, reduce redundancies, and prioritize the development of tools and experiences for emerging MR devices and AR platforms.