The maker of the Pokemon Go video game, Niantic, says it will cut a quarter of its workforce as the gaming industry faces a slowdown in demand after downloads surged during the pandemic.

The firm will also close its studio in Los Angeles and cancel two games.

"We have allowed our expenses to grow faster than revenue," US-based Niantic's chief executive John Hanke said in a statement.

Pokemon Go became a global phenomenon when it was released in 2016.
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