Niantic is reportedly cutting between 85 and 90 staff members, or 8% of its workforce.
The company also canceled four of its upcoming projects: Heavy Metal, Hamlet, Blue Sky and Snowball. CEO John Hanke said in an email to employees that the company has been cutting costs in several areas as it is “facing a time of economic turmoil," Bloomberg reported Wednesday, and that the company needs to "further streamline our operations" to weather "economic storms that may lie ahead.”
Niantic's biggest title, Pokémon Go, has raked in more than $1 billion per year. But none the company's subsequent games have achieved the same level of success. In a statement to Bloomberg, the company said it was cutting staff and production to "focus on our key priorities."
Earlier this week, Niantic announced that it's partnering with the NBA for an upcoming game called NBA All-World. The company said that this game is still in production.