Tencent Layoffs 2024: What to Know About the Latest Riot Games Job Cuts

Tencent (OTCMKTS:TCEHY) layoffs are a hot topic on Tuesday as subsidiary Riot Games announces plans to cut jobs around the world.Riot Games, the developer behind the multiplayer online battle arena video game League of Legends, is reducing its headcount by 530 people. This comes as the company seeks to focus on its main offerings as some projects haven’t performed as well as expected.Riot Games CEO Dylan Jadeja said the following about the job cuts.“Some of the significant investments we’ve made aren’t payi ...