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.zone
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    10 months 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.ee
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      10 months 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.world
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      10 months 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.world
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      10 months ago

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

      • keyez@lemmy.world
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        10 months 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.com
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        10 months 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.

    • citrusface@lemmy.world
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      10 months ago

      I don’t really think riot is trash. But I don’t follow the media around gaming that much. Their layoff plan seems extremely generous and caring considering other bullshit I’ve seen. It sounds like they care about people - so it’s good pr at least .

      • Snot Flickerman@lemmy.blahaj.zone
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        10 months ago

        https://kotaku.com/inside-the-culture-of-sexism-at-riot-games-1828165483

        https://www.washingtonpost.com/video-games/2021/12/27/riot-discrimination-100-million-settlement/

        When your culture of sexism results in a class action lawsuit from former and current employees, and you pay out to the tune of 100 million and keep all the same executives who were accused of harassment and discrimination, and you have to have a third party watch over your company for years to make sure you’re not still doing this stuff: you’re a trash company.

        so it’s good pr at least .

        I couldn’t roll my eyes any harder. That’s literally all it is.

        • citrusface@lemmy.world
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          10 months ago

          Then I’ll amend and say yeah that’s trash - but trash or not, I’ll still say it’s a very decent severance package… But still trash company, agree.

      • Weslee@lemmy.world
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        10 months ago

        Literally the very first thing Riot did was steal and intentionally attempt to sabotage a beloved free game cause they were greedy and wanted all the money.

        It’s just a shame it worked.

        • citrusface@lemmy.world
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          10 months ago

          Yeah, seems fucky, like I said - having read the articles the other poster provided - I agree they are shit.

          • Weslee@lemmy.world
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            10 months ago

            Pendragon used to maintain Dota, when he passed it over to IceFrog he (for some reason) kept control over the Dota website (you used to have to go to the website and download the Dota map everytime it updated), so it was pretty important, as well as the forum community.

            When Pendragon decided to start Riot and LoL, instead of just giving the website to IceFrog he took the site offline and replaced it with a redirect advert for LoL.

            The forums were also taken offline where he went into the data and stole a whole bunch of hero designs that were suggested and under discussion.

            Overall a dick move, and what a way to introduce your new company and game to millions of people.

            Even though I don’t play Dota anymore, I’m very pleased that both Riot and Blizzard failed to seize the copyrights to Dota from Valve.

    • maness300@lemmy.world
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      10 months ago

      I feel for the employees who lost their jobs.

      I don’t. They got exactly what they deserved.

      • pearable@lemmy.ml
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        10 months ago

        Care to elaborate? It sounds like you’re cheering for folks, who have little to no control over how the company operates, loosing their way of making a living.

        • maness300@lemmy.world
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          10 months ago

          To put it another way, the leopards ate their face.

          They chose to work for a scummy company, probably because they’re greedy too.

          • pearable@lemmy.ml
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            10 months ago

            I disagree. In a society where people need to work to support themselves working for Riot is not beyond the pale. If we had a UBI, universal jobs program, or a plethora of cooperative enterprises I’d agree.

  • Thrickles@lemm.ee
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    10 months ago

    So basically…

    • CEO claims responsibility.
    • Employees face the consequences.

    That tracks.

    • Carighan Maconar@lemmy.world
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      10 months ago

      Yeah it’s weird how the C-suites never have to personally bear responsibility despite being the one either making these decisions or fostering the environment in which these decisions are made.

      How come companies are allowed to fire even one employee before the decision makers are bled of all money they have? Shouldn’t the life-ruining start with the ones who are responsible?!

      • cucumber_sandwich@lemmy.world
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        10 months ago

        I guess the reasoning is

        The company is doing great => the CEO does a great job

        Company needs to downsize=> can’t afford a change in leadership in these trying times

        It gets more complicated when the CEO is also a founder/owner

        • Riven@lemmy.dbzer0.com
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          10 months ago

          I would be happy if they just didn’t get their bonuses and the downsizing started with their pays ale before anyone got fired. Of we can’t have that, think of their poor third yachts.

      • Abnorc@lemm.ee
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        10 months ago

        I could be wrong here, but the CEO is at the mercy of the board as well in many situations. If they could just manage the company well without pressure to make decisions that benefit the shareholders more than the company itself, you would see more good CEOs.

        Since they’re basically pressured into ruining companies a lot of the time, the only reasonable way to hire people is to offer them good severance packages and incentives to do so. If you really held them responsible, no one in their right mind would do it.

        • Carighan Maconar@lemmy.world
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          10 months ago

          But doesn’t that just move the same point?

          Why is the board not held accountable for fostering the atmosphere via pressure on the CEO then? So the buck ultimately passes to them, they had every chance to rectify the situation, including replacing the C-suites if they don’t think the current ones are fit for the job?

          I know, they just think of the shareholders and their pockets, but that’s my point: If you get money when your decisions make the company more profitable, maybe your decisions should lose you money when they do the opposite.
          And specifically, I mean long-term. Not just based on share-price. You meddled with the company. If it tanks, you held X% of their money for Y% of the time, that’s how much you’re in the hole for now as your decisions were ultimately responsible for that percentage of the total decision space cash the company ever had in its time.

          Plus, I don’t think that excuses CEOs from having 0 integrity. Yeah they could get voted to be replaced, but that doesn’t excuse it. Correct me if I’m wrong, but as an analogy, soldiers are supposed to refuse inhuman orders, no? Just that the board tells them to ruin 1900 people’s lives doesn’t mean they get a clean bill for the moral implications of being the one to pull the trigger on that.
          Pluuuuuuus… isn’t it the CEO who would make the decision to take a company private again? So they could always reverse course if they mind the shareholders meddling too much?

          • Abnorc@lemm.ee
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            10 months ago

            Neither CEOs nor Boards are less accountable IMO. That just explains why they behave the way that they do. In a better world, there’d be incentives for those in power to do the right thing, but it just doesn’t play out that way much of the time. It’s probably because it’s hard to design those incentives well in the first place while simultaneously preventing bad actors from ruining it.

  • BudgieMania@kbin.social
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    10 months ago

    I just hope that these companies don’t have the gall to complain about a lack of manpower or expertise availability a few years down the line. Because by coordinating all these layoffs, they are currently creating a vacuum in which a lot of professionals in the industry won’t have any chance to acquire experience and develop their skills, and many will probably have to change their career trajectory significantly just to ensure their economic well-being. And once they see how greener the grass is outside the videogame industry, let me assure you, they won’t be coming back.

    If you are not willing to stick with your professionals through your thin, you don’t deserve their availability and effort through your thick.

    • maness300@lemmy.world
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      10 months ago

      don’t have the gall to complain about a lack of manpower or expertise availability a few years down the line.

      Don’t worry, they will.

      Companies aren’t like people with friends who hold them accountable for lying.

    • Carighan Maconar@lemmy.world
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      10 months ago

      these companies don’t have the gall to complain about a lack of manpower or expertise availability a few years down the line

      Of course they will. It’s all driven by investor money and C-suite bonuses, the rest of managed just bends over and pulls down their pants. If the investors think gaming is hot, everyone will desperately hire. If they are meh on it, everyone shuts down.

      You might think this sounds like an unhealthy company model to let investors run everything like that. And you might be right! But we also created a system where the people making these decisions are monetarily involved with the investors, not opposed to them. Hence what hte investors say goes.

    • RainfallSonata@lemmy.world
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      10 months ago

      I mean, the whole point of layoffs, in any industry, is to get rid of more experienced staff who are higher paid, and replace them with noobs that you can pay less.

  • trackcharlie@lemmynsfw.com
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    10 months ago

    I don’t take any company seriously that expects their customer base to willingly allow ring zero access.

    • mlg@lemmy.world
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      10 months ago

      literally a rootkit bruh

      Not even the linux wine hackers feel like removing the DRM just to play the game. They’d rather spend that time on an actual needed software like photoshop.

    • ColeSloth@discuss.tchncs.de
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      10 months ago

      Yep. I’m glad I quit playing LoL a long time ago, when it stopped being fun and everything got typecast to very specific roles. I used to be able to do great in any position there was as teemo. Fun times.

  • ombremad@lemmy.blahaj.zone
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    10 months ago

    The severance package is great

    It always baffles me to think that there is no minimum mandatory severance pay in the good old US of A, but considering 6 months of salary is “great” is saying even more about how low the bar is.

    • PM_Your_Nudes_Please@lemmy.world
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      10 months ago

      Yeah, in most of Europe, 6 months would be bare minimum on top of whatever else the employee’s contract buyout requires. But since the good ol US of A is at-will and doesn’t have employment contracts, employers can just let you go without any notice or severance package.

    • ipkpjersi@lemmy.ml
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      10 months ago

      I got far less than that from my severance package last year, I got the minimum mandatory amount, but I’m not in USA.

  • JackbyDev@programming.dev
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    10 months ago

    My friend works here and is not getting their contract renewed. Luckily they knew it wasn’t getting renewed but it still sucks. They’ve loved working there.

    • simple@lemm.eeOP
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      10 months ago

      6 months severance isn’t half bad though, I hope they can find another job they’ll love within that time.

      • test113@lemmy.world
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        10 months ago

        If I’m interpreting the CEOs Post post correctly, the severance package is only applicable if your contract gets canceled prematurely or if you are being laid off. If your contract ends and is not renewed, all obligations are fulfilled, so there is no severance package since the contract simply ends. (Timel/Project based contract). I could be wrong though. It would make sense to have project or time-based contracts - these layoffs mainly affect the “permanent employees.”

        • simple@lemm.eeOP
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          10 months ago

          Ah, that would suck then.

          By the way, your account is tagged as a bot account which means anyone that has bots hidden won’t see your comments. Should probably change that.

          • test113@lemmy.world
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            10 months ago

            Oh, thanks for the information sir! I forgot that I tried that option to see what would happen, now I know. xd

      • JackbyDev@programming.dev
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        10 months ago

        Their contract wasn’t ended as far as I know and would’ve been ending in about a month or so anyways.

  • yamanii@lemmy.world
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    10 months ago

    This isn’t about shareholders, but it just so happens that the share price always goes up after a round of layoffs :)

  • Psythik@lemmy.world
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    10 months ago

    And nothing of value was lost.

    Sucks for the employees, though. I feel for them.

    • Bayz0r@lemmy.world
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      10 months ago

      Yeah, total dick move given that working for Riot games is a fundamental human right. The bastards!

      • FeelzGoodMan420@eviltoast.org
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        10 months ago

        What an incredibly stupid fucking comment. Was this a joke or did you really think that this was appropriate?

  • EnderMB@lemmy.world
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    10 months ago

    In the tech industry, I’ve always enjoyed watching what those laid-off employees end up moving onto. While most find jobs elsewhere, you occasionally see some employees form new startups, or try something different with what they’ve learned from their big tech job.

    I’d love to see a resource that follows up on people that were laid off from X company, and to see what their offshoots are working on themselves, supporting them where possible.

    • echo64@lemmy.world
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      10 months ago

      I’ve always enjoyed watching what those laid-off employees end up moving onto.

      almost all of the people currently being laid off in tech end up leaving the industry or being unemployed. there are no jobs, and there are massive waves of layoffs everywhere.

      • EnderMB@lemmy.world
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        10 months ago

        Have you got a source on that?

        Some industries in tech are hit extremely hard (i.e. recruitment), but as someone that has spent the last year helping those laid off from Amazon to find roles internally and externally, that’s definitely not true in software engineering.

        • echo64@lemmy.world
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          10 months ago

          are you trying to suggest that of the tens (hundreds?) of thousands of people laid off in the last year in tech, they all found new jobs super easy?

          i’m seeing people be unemployed for 6> months, endlessly interviewing for hundreds of jobs that honestly don’t even exist, just listed.

          • Kit@lemmy.blahaj.zone
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            10 months ago

            Anecdotally, I’m in IT and had a brutal time finding a new job. Took nearly 250 applications over 6 months to find something, hated it (65-70 hour weeks without breaks), and applied to another hundred before finding something worthwhile. I’m no newbie - I’ve got over a decade of sysad experience under my belt.

  • De_Narm@lemmy.world
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    10 months ago

    I’m not playing League, I stopped many years ago. But I liked the lore and am sad to see them shut down further collaborations - they made some nice games.

    • maness300@lemmy.world
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      10 months ago

      They made a lot of competitive shit for losers who want to pretend they’ll make it to the big leagues one day.

      • De_Narm@lemmy.world
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        10 months ago

        Ruined King was a fun RPG and Bandle Tale looks like a nice cozy game. I’m not interested in their competitive stuff, but they financed some other studios doing good work with their IP.