The following is a copy of the internal message from our CEO.

TLDR: Riot is downscaling. The severance package is great but it’s another round of layoffs in the industry.

This will also majorly affect Legends of Runeterra. They’re putting the game on life support it seems, and will focus on the PvE mode.

They’re also shutting down Riot Forge, their collaboration with other studios to make smaller games with their IP.

  • Snot Flickerman@lemmy.blahaj.zoneEnglish
    1302·
    2 years ago

    Riot is a trash company.

    I feel for the employees who lost their jobs.

    Its always grating when CEOs say they “take responsibility” but they’re not taking a demotion and paycut. No, somehow, the idiots who made the shitty decisions get to keep making them. Apparently that’s “responsibility.”

    • 🗑️😸@lemm.eeEnglish
      591·
      2 years ago

      I was laid off from my small warehouse job because the company wasn’t making enough money. The next month my boss took his family on an African safari. Eat the rich.

    • echo64@lemmy.worldEnglish
      6·
      2 years ago

      These layoffs are always for shareholders as share prices go up when the layoffs happen. It’s not about cash flow. It’s purely about shareholders.

      Share prices go up always affects c suite the most. They get better returns on the shares they own and also get large bonuses. Far from take responsibility, a ceo massively profits from layoffs.

    • Cybersteel@lemmy.worldEnglish
      51·
      2 years ago

      I don’t think there will ever be any CEO that takes a pay cut over doing layoffs.

      • keyez@lemmy.worldEnglish
        7·
        2 years ago

        I remember reading in 2020 the CEOs of Toyota and Columbia sportswear both reduced their salary so they wouldn’t immediately have to lay people off like most companies were doing.

      • Riven@lemmy.dbzer0.comEnglish
        4·
        2 years ago

        Iirc the Nintendo cceos did so they wouldn’t have to fire people a handful of years ago. Not sure how often that happens though.