Pokemon Go players are seen in search of Pokemon and other in-game items in the Pasadena Playhouse District.
Niantic, a mobile games developer based in San Francisco, announced Thursday that it would lay off 230 employees as part of a reorganization.
It will also shutter a Los Angeles-based studio, where most of the affected employees are based.
The move highlights how the mobile games industry has shifted in the years since Niantic landed its first major hit, Pokemon Go, in 2016.
Overall, App Store spending on games declined 5% in 2020 to $110 billion, according to an estimate from Data.ai, a research firm.
Persons:
John Hanke, Niantic, Hanke, Pokémon
Organizations:
Pasadena Playhouse, Marvel, Apple, Google, Meta, Quest
Locations:
Pasadena, San Francisco, Angeles, Silicon