Riot Games, the developer behind League of Legends and Valorant, has announced that it is eliminating “about 530 roles globally.” According to CEO Dylan Jadeja, who shared the news yesterday, this number would amount to around 11% of the company’s workforce.
Select quotes from Jadeja:
- “…we’re a company without a sharp enough focus, and simply put, we have too many things underway.”
- “Our costs have grown to the point where they’re unsustainable, and we’ve left ourselves with no room for experimentation or failure…”
- “…this is absolutely the last thing we ever wanted to do.”
- “It’s what we need to do in order to maintain a long-term focus for players.”
Affected employees are being offered:
- Severance Pay (6 months salary)
- Cash Bonus
- Health Benefits
- Play Fund, Wellness Fund, etc.
- Equity
- Computer
- Career Support
- Rioter Assistance Program
- Visa Support
- Riot Email Access
Riot Games’ titles include:
- League of Legends
- Teamfight Tactics
- League of Legends: Wild Rift
- Legends of Runeterra
- Valorant