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'League of Legends' developer Riot Games announces layoffs of 530 staff

  • Riot Games, a subsidiary of Tencent Holdings, is laying off 11% of its workforce, affecting about 530 jobs.
  • The layoffs are part of Riot's shift towards a more sustainable future, after expanding too quickly and accumulating higher costs.
  • The company will focus on its core live games, including League of Legends, Valorant, Teamfight Tactics, and Wild Rift.
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Gamespot broke the news in United States on Monday, January 22, 2024.
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