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Riot Games

Riot Games Lays Off 11% of Employees to Refocus As ESG Money Begins To Run Out

January 24, 2024 by Eddy Brock Leave a Comment

Riot Games layoffs 11% of employees 530 jobs cut refocus on League of Legends VALORANT Teamfight Tactics Wild Rift financial sustainability investments not paying off severance packages Legends of Runeterra team size reduction sunsetting Riot Forge

Riot Games CEO Nicolo Laurent announced layoffs of around 530 employees, representing 11% of the company’s global workforce. This difficult decision was made to shift Riot’s focus and make the company more financially sustainable after significant investments in new games and experiences failed to pay off as expected, Laurent explained. “This decision means we’re eliminating […]

Filed Under: Video Games Tagged With: ESG, layoffs, League of Legends, Riot Games, Valorant

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