The shakeup at Niantic Inc. cannot go unnoticed. As published on Entrepreneur 360, Tristan Rose wrote, “According to Niantic’s Crunchbase profile, Niantic, the developer of Pokémon GO, has raised $770 million over 5 rounds giving them a post-money valuation in the range of $1 billion to $10 billion as of November 23, 2021.”
And eight months later, this company is laying off workers (up to 90, according to Bloomberg) and changing priorities. In other reports, John Hanke wrote in an internal email to say this company is “facing a time of economic turmoil” and had already been “reducing costs in a variety of areas.”
The shift is unusual, and many fans are speculating.
The effect on upcoming products means cancelling them altogether. Not only was Niantic to help market and distribute Transformers: Heavy Metal, a Pokémon GO like game, but also they were to produce three other games using the same engine. Whether that’s a good or bad thing, fans can’t say. Very few people may have seen a demo. I wasn’t too excited myself when I offered my opinion about it, but I’d still try the game out. The website for this game is still online at time of writing.