Riot Games laid off over 500 workers last month

Corporate Mundo Riot League of Legends

Riot Games, the company behind the popular MOBA League of Legends laid off over 500 employees last month.

In a public statement about “Riot’s Future”, the company explained they were “eliminating” approximately 11% of their workforce.

Riot puts some of the blame on spreading themselves thin on new experiences with projects such as a League of Legends fighting game and MMO in the works, as well as other ongoing games like Teamfight TacticsLegends of Runeterra, and Valorant.

Since 2019, we’ve made a number of big bets across the company with the goal of making it better to be a player. We jumped headfirst into creating new experiences and broadening our portfolio, and grew quickly as we became a multi-game, multi-experience company — expanding our global footprint, changing our operating model, bringing in new talent to match our ambitions, and ultimately doubling the size of Riot in just a few years.

The news comes shortly after Microsoft announced a massive layoff of over 1900 employees. However, to Riot’s credit they’re offering what appears to be a generous severance package to help affected employees which includes:

  • Severance pay
  • A cash bonus
  • Extended medical benefits
  • A free laptop
  • Career support
  • and more

Riot Games is currently owned by Chinese tech company Tencent.

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A basement-dwelling ogre, Brandon's a fan of indie games and slice of life anime. Has too many games and not enough time.

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