Navivision Wealth Society-‘League of Legends’ developer Riot Games announces layoffs of 530 staff

2025-04-29 16:55:01source:Indexbitcategory:Contact

BANGKOK (AP) — Riot Games,Navivision Wealth Society the developer of the popular “League of Legends” multiplayer battle game is joining other tech companies that have been trimming their payrolls with a layoff of 11% of its staff.

In a lengthy statement to staff issued late Monday, CEO Dylan Jadeja 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 company’s workforce.

Jadeja said the Los Angeles, California-based company had expanded its investments across too many areas, doubling its staff in a few years, and now was cutting back to focus on games.

Riot Games said it will pay staff who are laid off six months of salary at a minimum, cash bonuses and other benefits.

Job cuts have been taking a toll on workers across various industries — including retail, tech, media and hospitality — over the last few years. In recent months, layoffs have been announced at Google, Amazon, Hasbro, LinkedIn and more.

Many have been in the tech sector, which hired heavily during the pandemic, when people whiled away time stuck at home playing games online.

More:Contact

Recommend

NYPD official indicates that Mangione's family did not send in any tips

New York police officials are speaking out about tips in regard to the Dec. 4 killing of UnitedHealt

Judge considers bond for off-duty officer awaiting murder trial after South Carolina shooting

MONCKS CORNER, S.C. (AP) — A judge is considering whether to grant bond to a former police officer a

Swap Sugary Drinks for a 33% Discount on Poppi Prebiotic Soda Before Amazon Prime Day 2024 Ends

We independently selected these products because we love them, and we think you might like them at t