‘League of Legends’ developer Riot Games announces layoffs of 530 staff

2025-01-13 19:40:05 source:lotradecoin review category:Scams

BANGKOK (AP) — 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 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 company’s workforce.

Jadeja said the Los Angeles, California-based company had expanded its investments across too many areas, doubling its staff in a few years, and now was cutting back to focus on games.

Riot Games said it will pay staff who are laid off six months of salary at a minimum, cash bonuses and other benefits.

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.

More:Scams

Recommend

New Jersey targets plastic packaging that fills landfills and pollutes

TRENTON, N.J. (AP) — New Jersey is aiming to drastically reduce the amount of packaging material — p

Why Paul Wesley Gives a Hard Pass to a Vampire Diaries Reboot

Would Paul Wesley star in a potential reboot of The Vampire Diaries? According to him, fangs but no

How saving water costs utilities

A couple in Gardendale, Ala., didn't know they had a water leak in their home for three weeks. That