"Riot Games' Major Workforce Reduction and Restructuring"
TL;DR
Riot Games is laying off 11% of its global workforce, citing the need to refocus its business and prioritize core projects like League of Legends, Valorant, Teamfight Tactics, and Wild Rift. The company is also discontinuing its Riot Forge label, which was established to produce games from third-party studios using Riot IP. The layoffs come amid a trend of mass layoffs and industry challenges, with an estimated 10,000 individuals losing their jobs in the gaming industry last year and the number rapidly approaching 4000 in the first month of 2024.
- Riot Games Lays Off 530 or 11% of Staff, Axes Riot Forge Label IGN
- Changes at Riot and the Road Ahead Riot Games
- Tencent's Riot Games Cuts 530 Jobs, Saying It Has Lost Focus Bloomberg
- Riot Games Slashes 530 Jobs: “It’s a Necessity” Hollywood Reporter
- Riot Games to layoff 530 workers as video game industry cuts Los Angeles Times
Want the full story? Read the original reporting
Read on IGN