Riot Games, the developer of the popular “League of Legends” multiplayer battle game, is joining other tech companies that have been trimming their payrolls with a layoff of 11% of its staff.
In a lengthy statement to staff issued late Monday, CEO Dylan Jadeja and co-founder and president of the company Marc Merrill said the move was meant to “create focus and move us toward a sustainable future.” It said 530 jobs were being eliminated, accounting for about 11% of the headcount at the company, which is owned by the Chinese technology giant Tencent.
A note to customers said, “This isn’t to appease shareholders or to hit a quarterly earnings number—it’s a necessity.”
The Los Angeles, California-based company said it had expanded its investments across too many areas, doubling its staff in a few years, and now was cutting back to focus on games.
“Today we’re a company without a sharp enough focus, and simply put, we have too many things underway. Some of the investments we’ve made aren’t paying off the way we expected them to,” the statement said.
“To all the Rioters who are being laid off, we are deeply sorry that it has come to this,” it said.
Riot Games said it will pay staff who are laid off six months of salary at a minimum, cash bonuses and other benefits.
It said it would offer access to job placement services, counseling and visa support for staff who were working with visas. Those laid off can also request use of a laptop if needed, the company said.
Job cuts have been taking a toll on workers across various industries — including retail, tech, media and hospitality — over the last few years. In recent months, layoffs have been announced at Google, Amazon, Hasbro, LinkedIn and more.
Many have been in the tech sector, which hired heavily during the pandemic, when people whiled away time stuck at home playing games online.
Riot Games sponsors the League of Legends World Championship and the company said it remained committed to esports and entertainment in support of its games.
The company said it would make changes to its Legends of Runeterra to “move it to sustainability” and reduce the staff working on that team, shifting its focus to its “Path of Champions.” “Riot Forge” will be discontinued after the upcoming release of “Bandle Tale,” it said.
Reach Out
Don’t hesitate to reach out to us to discuss your specific needs. Our team is ready and eager to provide you with tailored solutions that align with your firm’s goals and enhance your digital marketing efforts. We look forward to helping you grow your law practice online.
Our Services:
Blog Post Writing
We do well-researched, timely, and engaging blog posts that resonate with your clientele, positioning you as a thought leader in your domain.
Content Writing
Beyond articles and content for blogs, we delve into comprehensive content pieces like eBooks, and case studies, tailored to showcase your expertise.
Website Content Writing: First impressions matter. Our content ensures your website reflects the professionalism, dedication, and expertise you bring to the table.
Social Media Management
In today’s interconnected world, your online presence extends to social platforms. We help you navigate this terrain, ensuring your voice is consistently represented and heard.
WordPress Website Maintenance
Your digital office should be as polished and functional as your physical one. We ensure your WordPress site remains updated, secure, and user-friendly.
For more information, ad placements in our attorney blog network, article requests, social media management, or listings on our top 10 attorney sites, reach out to us at canyoncrestguide@gmail.com.
Warm regards,
Canyon Crest Guide Newspaper

Whether you’re a startup or an established brand, business directories offer an affordable, yet powerful tool to elevate your brand recognition and reach. Sign up, stand out, and let your business soar to new heights, sign up to one of our directory websites:
Canyon Crest Directory
Riverside Ca Business Directory
The Riverside Coupon Directory
Newspaper Ads Canyon Crest CA
Like us on Facebook Here
Canyon Crest Guide
5225 Canyon Crest Drive Ste.71 #854 Riverside CA 92507
Tony Ramos 951-235-3518
For great backlinks to your website sign up to one of our directory websites:
Canyon Crest Directory
Riverside Ca Business Directory
The Riverside Coupon Directory

Newspaper Ads Canyon Crest CA
Click To See Full Page Ads
Click To See Half Page Ads
Click To See Quarter Page Ads
Click To See Business Card Size Ads
If you have questions before you order, give me a call @ 951-235-3518 or email @ canyoncrestnewspaper@gmail.com
Like us on Facebook Here
Source link
Mayorkas say impeachment effort ‘does not rattle me’
WASHINGTON — This isn’t the kind of history Alejandro Mayorkas wanted to make. The son of...
Behind JuJu Watkins, USC women’s basketball has become ‘the hunted’ – Orange County Register
They danced in the rain on Figueroa Avenue, a throng of trumpets gathering to serenade the...
0 Comments