Riot Games Will Lay Off 500 People at Once

Riot Games, known for games such as League of Legends and Valorant, announced that it will terminate the employment of approximately 500 employees in the new period.

in 2019 Riot Gameshad decided to expand the League of Legends universe. As a result of this decision, steps were taken to develop other games and other productions set in the same world. Riot Games now seems to have decided to turn back from this path, and new layoffs are a harbinger of this situation.

11% of employees will be laid off

In the note sent to employees by the company’s CEO, Dylan Jadeja, he stated that they were not able to get the return they expected from some of the investments they made. Jadeja also said that meetings will begin within 48 hours with those whose roles are or may be affected by this situation. People who will be laid off, at least 6 months’ salary Payment will be made as follows. People who have worked longer will be paid more compensation.

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Riot Games is currently focused on productions where it can host e-sports competitions. League of Legends, Valorant, Teamfight Tactics and Wild Rift are among the productions currently highlighted by the company. Moreover Project L The 2D fighting game project called is also going very well. The second season of the Arcane series will be on the screens in November.

Riot Games is going to downsize

riot forge

With the layoffs to be made Legends of Runeterra The game will focus on PvE mode. Support for productions that cannot reach the level desired by the company will be reduced. However, the company is trying to expand the League of Legends universe with smaller producers. RiotForge The publisher brand will also be discontinued.

There are six games released under the umbrella of Riot Forge so far, and among them are exclusive to Netflix. hextech mayhem is also included. Riot Forge will close its doors immediately after the release of Bandle Tale: A League of Legends Story.

runeterra

Although Jadeja with investors it’s not relevant Although they say that their aim is to focus on productions that are worth the players’ time, it seems that the game industry’s correction process after the pandemic continues. While 4500 people lost their jobs in the sector last year, this year too in the first 23 days 3800 people became unemployed.

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Source :
https://www.theverge.com/2024/1/22/24047568/riot-games-league-of-legends-forge-runeterra-layoffs


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