Riot Games Layoffs

An Important Update about Riot’s Future has the "awful news" that Riot Games is the latest developer making cuts to its workforce, saying 530 jobs are being lost around the world, representing about 11% of Riot's workforce. There's an outline of compensation packages for employees who aren't moving into new positions. CEO Dylan Jadeja describes the "big bets" that doubled the size of the company's staff over the past few years, admitting they did not pay off: "Today, we’re a company without a sharp enough focus, and simply put, we have too many things underway. Some of the significant investments we’ve made aren’t paying off the way we expected them to. Our costs have grown to the point where they’re unsustainable, and we’ve left ourselves with no room for experimentation or failure – which is vital to a creative company like ours. All of this puts the core of our business at risk." He goes on further about this existential threat to the company:
I want to be super clear about something: this is absolutely the last thing we ever wanted to do. A decision like this has a massive impact on people’s lives and on the culture of Riot. We’re not doing this to appease shareholders or to hit some quarterly earnings number – we’ve made this decision because it’s a necessity. It's what we need to do in order to maintain a long-term focus for players.

There is no perfect way to do a layoff, but our guiding principle is to do our very best to make sure we’re treating Rioters with respect and grace. We want those who are leaving us to feel supported in this difficult moment. This starts with limiting the time they spend in ambiguity about their role and future with Riot, wherever possible.
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Re: Riot Games Layoffs
Jan 22, 2024, 21:50
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Re: Riot Games Layoffs Jan 22, 2024, 21:50
Jan 22, 2024, 21:50
 
"As CEO, I’m accountable" says the guy worth $30 million who fired 530 people for doing their job while keeping his own.
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