Tencent's Riot Games to lay off about 11% of staff

Tencent's Riot Games plans to lay off 530 employees, about 11% of its staff globally. CEO Dylan Jadeja stated that the company is without a sharp focus and has too many ongoing projects. Riot will focus on live games like League of Legends, Valorant, Teamfight Tactics, and Wild Rift, while stopping new game development under Riot Forge.
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