Just after the takeover of its gaming division, Niantic announces 68 redundancies

Last March, Scopely acquired Niantic’s gaming division for $3.5 billion. Unfortunately, this acquisition will be followed by a small wave of redundancies.

A total of 68 people will be leaving Niantic on May 20. CEO John Hanke issued a statement on the company’s website.

"Niantic is splitting into two companies, with the acquisition of our games business and team, and the spin off of our technology platform into Niantic Spatial Inc."

"As we embark on our new journey as Niantic Spatial, we will need to operate as a startup organisation."

"We carefully evaluated the structure we believe is needed for the new company, and after a lot of consideration, it became clear that some roles would not be required given our new focus."