Riot Games cuts more than 500 jobs
by Richard Lawler from The Verge - All Posts on (#6J273)
Image: The Verge After last year saw over 9,000 layoffs in the video game industry, 2024 is continuing the trend, and League of Legends maker Riot Games is the latest example. On Monday night, the company announced that we are refocusing on fewer, high-impact projects to move us toward a more sustainable future," which means eliminating roles for 530 people globally, or about 11 percent of its total workforce.
This news arrives just days after the results of a Game Developers Conference (GDC) survey showed 56 percent of respondents felt layoffs were in store for their studios due in large part to a post-pandemic course correction."
Legends of Runeterra and Riot Forge cuts are part of the adjustments'
Some of the significant investments we've made...