Riot lays off 530 employees, will close Riot Forge: ‘We’re not doing this to appease shareholders or to hit some quarterly earnings number,’ says CEO

Riot Games has announced that it’s “refocusing on fewer, high-impact projects” to move “toward a more sustainable future,” and that means layoffs: Roughly 530 employees, representing 11% of Riot’s total workforce, have been let go.

In an email sent to employees, Riot CEO Dylan Jadeja said that the company has made “a number of big bets” since 2019 as it expanded into “a multi-game, multi-experience company.” Now, however, there are “too many things underway” and some of those bets “aren’t paying off” as well as expected.

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By asm3a