Niantic's Layoffs and Studio Closure Shake Pokémon Go Developer

Niantic, the developer of Pokémon Go, is laying off 230 employees and closing its Los Angeles studio due to growing expenses and declining revenue. The company is also canceling its upcoming Marvel game and shifting away from in-house game development. Pokémon Go will remain a priority, but Niantic plans to focus on maintaining its long-term growth and profitability. The company will continue investing in AR maps and platforms for developers while minimizing its own internal projects.