Riot Games is laying off 11 percent of its workforce globally

Earlier today, Riot Games announced that it was eliminating 530 roles, representing approximately 11 percent of its global workforce. The company announced the devastating news in two separate posts — for one playersand for the other “rioters” with the latter detailing a severance package and certain other benefits to treat laid-off workers “with respect and grace.”

In addition, Riot Games shared that it is sunsetting its publishing label, Riot Forgeincluding worked on six titles Bandle Tale: A League of Legends Story It will be released on February 21. In a joint letter to players, CEO Dylan Jadeja and co-chairman Marc Merrill described Forge as “an experiment to see what happens when Rioters collaborate with their favorite indie developers,” but now it’s “time” to refocus on their own internal projects. Forge will stop working after publishing is complete Bundle Tale.

Executives also admitted that their digital collectible card game, Legends of RuneterraSince its launch in 2020, it has not been doing well financially. Its development team hoping to make this title more sustainable is reducedhis focus shifted to the more popular Road of Champions single-player game mode.

Riot Games’ layoffs are the latest blow to the video game industry after a total of nearly 9,000 people lost their jobs. only in 2023. Embracer Group and Unity each laid off about 900 people, while Epic Games About 830 people were fired, and EA laid off more than 1,000 employees. 2024 has just begun and we fear that this is only the tip of the iceberg the entire technology industry.

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