"Riot Games' Global Workforce Reduction and Arcane Season 2 Update"
TL;DR Summary
Riot Games, the developer of "League of Legends," is cutting 11% of its staff, amounting to 530 jobs, in an effort to refocus on its core gaming business. The company cited overexpansion and investments not meeting expectations as reasons for the layoffs. Riot Games, owned by Tencent, will provide laid-off employees with six months of salary, cash bonuses, and other benefits, while also offering job placement services and counseling. The move reflects a trend of layoffs in the tech industry, with companies like Google and Amazon also announcing job cuts in recent months.
- Riot Games layoffs: 'League of Legends' developer cuts 530 jobs The Associated Press
- Changes at Riot and the Road Ahead Riot Games
- Arcane Season 2 still 'on track' despite Riot downsizing Dot Esports
- Tencent’s Riot Games lays off 11% of staff globally CNN
- Riot Games Slashes 530 Jobs: “It’s a Necessity” Hollywood Reporter
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