Riot Games, which works on ``League of Legends'' and ``VALORANT,'' announces that it will lay off 530 people, or 11% of its staff.
by
Riot Games, a Tencent subsidiary known for developing and operating popular games such as 'League of Legends' and 'VALORANT,' has announced that it will lay off 530 people, or about 11% of its employees. Riot Games says the purpose of the large-scale layoff is 'to change the way we work across the company to sharpen our focus and work toward a more sustainable future.'
An Important Update about Riot's Future | Riot Games
https://www.riotgames.com/en/news/2024-rioter-update
Changes at Riot and the Road Ahead | Riot Games
https://www.riotgames.com/en/news/2024-player-update
'Today, we're sharing decisions we hoped we wouldn't have to make at Riat Games. We're changing some of the bets we've made in the past and making decisions across the company. We will change the way we approach this.'
Approximately 530 people, approximately 11% of Riat Games' total workforce, will be laid off. It is said that ``the biggest impact will be on teams other than core development,'' and it appears that employees other than those directly involved in game development will be targeted for dismissal. 'Our vision for the future is bold, and our commitment to core games such as League of Legends, VALORANT, Teamfight Tactics, and Wild Rift has been unusually ambitious to date,' Riat Games said in a statement. states.
Employees who are being considered for termination will have approximately 48 hours from the announcement to schedule a meeting with their supervisor and a partner in the human resources team to proceed with the termination process. 100% retirement benefits and performance bonuses are paid, and stock options can be retained. Furthermore, in order to find the next job, you will need a notebook PC, so after returning your company PC to the workplace, if you do not own a notebook PC, you can request it from the IT department. In addition, we provide job placement services to help you find your next job, visa support and mental health support.
Riat Games has changed its operating model since 2019 and has successfully expanded its company size in a few years by actively hiring human resources. However, CEO Jadeja said, ``Riat Games is a company that isn't focused enough, and there are simply too many half-baked things.'' We're not achieving as much as we used to. Costs have increased to unsustainable levels and there's no room for experimentation or failure, which is critical for a creative company like ours. The core of our business is at stake.”
CEO Jadeja commented that although he ``absolutely did not want to do this type of layoff,'' he made the difficult decision because large-scale personnel reductions are necessary to revitalize the company.
Related Posts:
