Riot Games, the company behind League of Legends and Valorant, has confirmed 530 layoffs from the company. It’s the latest company to be hit with significant layoffs which aren’t slowing down in the gaming industry this year, it seems. Teams at Riot working outside of core development have been hit the hardest including its third-party publishing label. The development team behind the card game Legends of Runeterra has also been downsized.
Riot Games recently published a lengthy statement where it directly addressed the 530 layoffs, saying “this isn’t to appease shareholders or hit a quarterly earnings number – it’s a necessity.” Riot continues by saying that it expanded its workforce significantly over the past few years but seemingly spread itself thin and didn’t focus on what “players needed most.” As a result, it chose to downsize its staff in these layoffs in an effort to refocus its projects.
An excerpt from Riot’s statement reads:
“For most of our history, we’ve managed to avoid days like this, but this decision is critical for the future of Riot. This isn’t to appease shareholders or to hit a quarterly earnings number—it’s a necessity. Over the past few years, as Riot more than doubled in headcount, we spread our efforts across more and more projects without sharp enough razors to decide what players needed most.”
“The adjustments we’re making aim to focus us on the areas that have the greatest impact on your experience while reducing investment on things that don’t,” added Riot. The company will now focus on the internal development of games like League of Legends, Valorant, Teamfight Tactics and Wild Rift. Legends of Runeterra, the 2020 card game, will downsize its team due to “financial challenges” since the game’s launch.
Riot’s third-party publishing label Riot Forge will also be closing down. The company explained:
“Forge was an experiment to see what would happen when Rioters partnered with their favorite indie devs and let them loose on Runeterra with their unique viewpoints, styles and expertise. We’re proud of what we’ve done together to bring these stories to life, but it’s time to refocus our efforts on the ambitious projects underway internally at Riot.”
In January 2023, Riot Games laid off 46 employees from the company.
Source: Riot Games