Niantic, the developer of Pokémon Go, has announced layoffs affecting 68 employees as part of a restructuring after a $3.85 billion deal. The company seeks to streamline operations through its new division, Niantic Spatial, while retaining key funding for innovation in geospatial technology. Amid the changes, CEO John Hanke stated that the layoffs, which include several high-ranking positions, will help the new entity operate with a leaner startup structure. Niantic Spatial plans to extend augmented reality applications beyond gaming into logistics and robotics.
CEO John Hanke emphasized that the layoffs are essential for the leaner structure of the new company, Niantic Spatial, which will operate like a startup.
Niantic is making these workforce reductions to streamline operations; the layoffs include key executives and employees, but do not reflect individual performance.
The new venture, Niantic Spatial, has $200 million in funding from Niantic and $50 million from Scopely, focusing on leveraging AR capabilities beyond gaming.
Niantic Spatial aims to apply its geospatial technology expertise in various sectors, including warehouses and machine vision technologies for smart glasses and humanoid robots.
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