Riot GamesThe video game studio and subsidiary of Chinese company Tencent has announced a significant cutback in its workforce. Affects 530 employees worldwideThis represents approximately 11 percent of the workforce.
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This decision was announced by the company’s CEO, Dylan Jadeja, in a letter to employees. internal restructuring process focused on maximizing value for players.
Dylan Jadeja explained that the staff cuts were part of a wider effort. “focus” Work on high-impact projects that will contribute more effectively to a sustainable future for the company.
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This renewed approach moves away from the logic of short-term shareholder satisfaction or achieving immediate financial goals.
“This is not about appeasing shareholders or hitting the quarterly profit figure, it is a necessity,” Jadeja said. underlines the critical importance of this move for the future of Riot Games.
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The studio, known for developing successful games such as ‘League of Legends’ and ‘Valorant’, therefore faces a decisive moment. Trying to adapt to the demands of the market and the needs of its consumersDespite the difficult decisions this requires in terms of employment.
Video game publisher Mytona announced this Monday that it has halted server operations for ‘The Day Before’, a multiplayer survival game in the post-pandemic scenario. This announcement comes just 45 days after its controversial launch and signals the end of Fntastic, the studio behind the game.
Development of the game faced numerous challenges, including significant delays and changes in development technology; The move to Unreal Engine 5 led to the game being initially delayed from June 2022 to March 2023.
Additionally, a legal dispute over registering the game’s name resulted in the game’s temporary removal from the Steam store and a second delay until November 2023. These difficulties led to speculation among the community about the viability of the project, to which Fntastic responded with a trailer and confirmation of a new release date.
Despite the efforts and resources spent over five years, the game was released with numerous technical errors, causing criticism from players on various forums and social networks.
The studio’s financial situation rapidly deteriorated, resulting in the announcement of the closure of Fntastic on December 11, just a few days after the game’s release, thus preventing the possibility of making significant improvements to the game.
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*This content was rewritten with the help of artificial intelligence, based on information published by Europa Press, and reviewed by the journalist and editor.
Source: Exame
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
