Number of days. Wave of layoffs in video games hits Riot Games, publisher of “League of Legends”

it is “Last of the Big Tech Companies” To lay off employees, notes CNN. Riot Games, a very popular developer League of Legends (yeah yeah yeah) And the braveAdvertisement, Monday January 22, “Elimination of 11% of its workforce worldwide”, American media reports.

“Unsustainable” costs

was owned by a Los Angeles-based video game publisher “more than doubled (its number) in recent years”. In a letter to players, the subsidiary of Chinese Tencent explained that these are approximately 530 layoffs. “A critical decision for the future of riots”. Faced with rising costs that have become “unsustainable” and strategic choices “that which hath not borne fruit”, CEO, Dylan Jadeja announced to the teams that they now have to focus on the essential activities, that “Who brings the most to the players”.

Riot Games has added its name to the list of video game and tech companies, American media notes, after Amazon’s streaming game platforms Google and Twitch cut 500 employees.

Purchased by Tencent in 2011, Riot Games has diversified its activities since 2019, from online card games to animated series and e-sports. Publisher will provide “Priority to Teams Developing Riot’s Flagship Games”, It indicates. The Riot Forge label has thus been abandoned, hosting games from third-party developers related to the universe. yes yes yes.

Already 3,800 layoffs in 2024

Here comes the new wave “Just days after a Game Developers Conference (GDC) survey found that 56% of respondents thought layoffs at studios were expected,” to relieve The Verge. The tech media watches “The cold is winning over the entire industry”. What confirms Kotaku, With its oversight of job cuts in video games: The Expert magazine has already sold 3,800 times since the start of 2024. A year which “Looks awful for game developers.”