There are shakeups in the gaming industry, and now bad news has come from Riot Games; More than 500 people are being laid off. Here are the details…
Taking the whole world by storm Valorant and League of Legends (LOL) Bad news came from Riot Games, the developer of the games. The company announced that it would make global layoffs. However, some of his projects will also be canceled. Riot Games will lay off more than 500 people. This figure constitutes approximately 11 percent of the company’s workforce globally.
Bad News from Riot Games: More than 500 People Are Being Layoffs
We witnessed major layoffs by technology giants in 2023. In the gaming industry, more than 9 thousand people were laid off. It looks like we will hear a lot of layoffs in the gaming industry in 2024. Nearly 4000 people have been laid off in the sector since the beginning of the year. In this context, another major layoff news of 2024 came from Riot Games. As known Riot Games, LOL (League of Legends) and Valorant The name behind big and popular productions such as.
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Riot Games’ global workforce 11 percent announced that it would lay off 530 people. However, the company stated that it would cancel some projects. In the Riot Games statement; He stated that they will focus on high impact and small number of projects to move the company to a better future. Riot Games CEO Dylan JadejaBy underlining that some of the major investments they made did not produce good results as expected, he seems to be referring to their 10th anniversary expansion in 2019, which is about the expansion of League of Legends into new projects and other types of entertainment.
Riot Games’ new strategy; The aim was to focus on its core, popular, live projects such as Valorant, League of Legends, Wild Rift and Teamfight Tactics, and to prioritize e-sports events related to these productions. In addition, the company stated that the enrichment of the fighting game Project L 2D, which is under development, with LOL characters is progressing positively. Riot Games Netflix project; liked Arcane series It was also a work in progress. The second season of the series can be broadcast in November 2024.
Riot Forge is Closing, Legends of Runeterra Project is Changing!
As part of Riot Games’ strategy to focus on fewer projects, changes are being made to the free card game Legends of Runeterra project. Legends of Runeterra Its team is reduced in size and focuses on the PvE game mode. In addition, it was decided to close Riot Forge. RiotForge, Riot Games’ publishing company, which was announced in 2019, aims to establish partnerships with small game companies that will develop games related to League. RiotForge; Bandle Tale: A League of Legends Story It will be closed after its publication on February 21.
Riot Games stated that it will provide the necessary severance packages, compensation and similar benefits regarding the dismissal of more than 500 people. The company stated that these layoffs were not only financial. focus on your main goal He declared that he was. The video game industry, one of the sectors that showed aggressive growth during the pandemic period, is now trying to balance these layoffs.