Tencent’s League Of Legends developer Riot Games to axe 530 jobs ...Middle East

Riot Games, the developer of the popular League Of Legends multiplayer battle game, is joining other tech companies who have been trimming their payrolls with a layoff of 11% of its staff. In a lengthy statement to staff issued late on Monday, chief executive Dylan Jadeja and co-founder and president of the company Marc Merrill said the move was meant to “create focus and move us toward a sustainable future”. It said 530 jobs were being eliminated, accounting for about 11% of the headcount at the company, which is owned by the Chinese technology giant Tencent. A note to customers said: “This isn’t to appease shareholders or to hit a quarterly earnings number – it’s a necessity.” The Los A

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Last updated : 23 January 2024 clock 12:56 PM

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Tencent’s League Of Legends developer Riot Games to axe 530 jobs ...Middle East

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