Dylan Jadeja

Riot Games is laying off about 530 employees, which represents 11% of its workforce, the Tencent-owned company announced on Monday. The League of Legends maker is also sunsetting its five-year-old publishing group, Riot Forge.

With video-game players increasingly sticking with the titles they've been hooked on for years, leaders in the $184 billion industry are cutting thousands of staffers and canceling riskier projects.

This Week in Business is our weekly recap column, a collection of stats and quotes from recent stories presented with a dash of opinion (sometimes more than a dash) and intended to shed light on various trends. Check every Friday for a new entry.

The new year continues to be a difficult one for the games industry, with Riot Games announcing layoffs affecting about 11% of their global workforce, or around 530 people. The company is also trimming its portfolio, shutting down Riot Forge, pulling back on some other projects, and recentering on its four core live titles: League of Legends, Teamfight Tactics, Valorant, and Wild Rift.

Riot Games have announced that they will shortly lay off "about 530" people, or 11 per cent of their global workforce, so as to "create focus and move us towards a more sustainable future", in the words of CEO Dylan Jadeja. The "biggest impact" will be felt outside of core development, though they'll affect at least one major internal team - the developers of Legends Of Runeterra. Riot are also binning off the Riot Forge publishing label, under which third-party developers create smaller-scale games based on Riot's own intellectual properties.

Riot Games, the publisher-developer company behind League of Legends, has announced that it is laying off 530 employees. Plus, it's ending new game development under its Riot Forge arm, which produced third-party-developed games with the «A League of Legends Story» tag, like Ruined King, The Mageseeker, Song of Nunu, and the upcoming Bandle Tale, which will be the last in this line of releases. 

League of Legends maker Riot Games is laying off around 530 members of staff around the world.

League of Legends developer Riot Games has announced that it's laying off 11% of its workforce, representing 530 employees.

Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 percent of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.

In yet another blow to workers in the video game industry, Riot Games has announced that it will lay off 530 staff members, or roughly 11% of its employees. The decision follows the unfortunate trend of studio shutdowns, game cancelations, and AAA game studio layoffs that dominated the industry in 2023.

Earlier today, Riot Games announced that it is eliminating 530 roles globally, which make up about 11 percent of its workforce. The company publicly delivered this devastating news in two separate posts — one for players, and another for «Rioters,» with the latter detailing severance package and some other benefits to treat the dismissed employees «with respect and grace.»

League of Legends developer Riot Games has announced that it will be laying off around 530 employees from its workforce. This roughly amounts to around 11 percent of the people working at the studio and its subsidiaries. CEO A. Dylan Jadeja made the announcement with a letter to Riot Games staff that has been shared publicly.

Riot Games is making 530 staff redundant in a big shake-up that's going to see the company refocus, axing their Riot Forge publishing arm and changing development to Legends of Runeterra.

Riot Games has announced that it will be laying off 530 employees globally, with departures mostly impacting teams outside of development. In addition, Riot Games has also announced that it will shut down Riot Forge following the release of Bandle Tale next month, the arm of the publisher that works with other developers to deliver smaller, more traditional single-player experiences such as The Mageseeker and Song of Nunu.

Riot Games is laying off roughly 530 people, or about 11% of its global workforce, in a move the company says is "a necessity" and not "to appease shareholders."

League of Legends developer Riot Games has announced it's laying off 530 employees — roughly 11 percent of its total global workforce — saying it's making the decision as it refocuses on «fewer, high-impact projects to move us toward a more sustainable future.»

Riot Games has created a new chief product officer (CPO) role, which will be headed up by co-founder Marc Merrill. 

The co-founder of Riot Games, Marc Merrill, is the company's new chief product officer.

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