Categories: Games

Riot Games, publisher of video game “League of Legends,” lays off more than 10% of its workforce

Despite the global success of League of Legends And the braveVideo game publisher Riot Games announced on Monday, January 22, the elimination of 530 jobs worldwide, or 11% of its workforce.

are presented as measurements “required” The company, owned by the large Chinese technology group Tencent, is believed to have launched a number of projects in recent years. “Today we are a company that doesn’t have a clear enough goal and, to put it simply, we have a lot going on”

its new CEO, Dylan Jadeja, wrote in an email addressed to teams and published online. “Our significant investments, for some, have not paid off as we expected. Our costs have reached a point where they have become unsustainable.who has been in office since September justified him.

The cuts come after a difficult year in the technology sector at large, and in the video game industry in particular, marked by layoffs at many companies. Thousands of people have already lost their jobs, including some of the biggest players in video games such as Electronic Arts, Ubisoft and streaming platform Twitch (owned by Amazon).

Published in 2009, League of Legends It has become one of the most played video games in the world with millions of people watching live broadcasts of the competitions every year. In its press release, the company has clarified that it will prioritize teams of League of Legends

And other video games benefit from frequent updates, while its Riot Forgepublishes games set in the universe. League of Legends But developed by third-party studios, will be gradually phased out.
Also Read | Twitch, Amazon’s video game streaming platform, announces it will cut 500 jobs

The world with AFP

Reuse this content

Source link

Admin

Recent Posts

100 million degrees for 48 seconds: South Korea’s ‘artificial sun’ moves closer to nuclear revolution

This is a new record that scientists from the Korea Fusion Energy Institute (KFE) have…

7 months ago

The report offers solutions for insurers facing future growth in natural disasters

Damages associated with drought, floods, hail and other increasingly violent events are expected to increase…

7 months ago

You still have time to claim this exciting investigation

An estimated 9 million people in the United States are still waiting for their final…

7 months ago

IDF recognizes “serious mistake” in killing seven members of NGO World Central Kitchen

The death of seven humanitarian workers from the American NGO World Central Kitchen in an…

7 months ago

Fortnite Shop Apr 3, 2024 – Fortnite

Today, at one o'clock in the morning, Gamer updates it Boutique de Fortnite Through the…

7 months ago

Sharon Stone tried to make a Barbie movie in the 1990s

The Basic Instinct and Casino actress looks back at a time in Hollywood when adapting…

7 months ago