Riot games layoffs is making the headlines, known for creating games like league of legends and valorant, Which many of you enjoy, has recently let go of over 500 employees. That’s about 11% of their global team.
In the world of online gaming, Riot games has been a big player, but now they’re facing challenges because the gaming market is not growing as much.
Inflation is making things more expensive, and gamers are choosing to spend less money, either by not buying new games or sticking to their favorite classics. This is affecting the whole gaming industry.
Riot’s not the only company going through this. Electronic Arts is also making changes, reducing its workforce by 6% to be more efficient. Many gaming companies are doing similar things to adjust to the changing times.
The ceo of riot games, Dylan Jadeja, wrote a letter to the employees, talking about the challenges the company is facing. He admitted two big problems: the company losing focus and spending too much money.
Riot is not just trying to save money; they’re also focusing more on their most successful games, like League of Legends, Valorant, Teamfight Tactics, and Wild Rift.
But here’s something important, Riot is stopping the development of new games under riot forge, And they’re cutting back on certain features and people in legends of runeterra. This shows how big and serious these changes are for riot games.