Riot Games, the studio that developed the popular video games League of Legends and Valorant, announced it was laying off 530 employees under a business rationalization program. Over the past few years, the number of employees at Riot Games has doubled. But now the focus will be on the development of existing projects that require a reduction in manpower.
A total of 530 individuals who were dismissed are equivalent to 11% of the company's total workforce worldwide. Although the workers were removed, Riot Games said it did not impact their main games such as League of Legends, Valorant, Teamfight Tactics, and Wild Rift.
The impact will be felt by the teams involved with the Legends of Runeterra and Riot Forge projects. The development scope of Legends of Runeterra will be reduced due to the number of employees being laid off. Riot Forge, a label that works with indie development will stop development of new games after the release of Bandle Tale: A League of Legends Story.
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BUSINESS & MONEY