Riot Games is laying off 530 employees, 11% of its staff, to focus on fewer, high-impact projects.

The layoffs primarily affect teams outside of core development and are aimed at ensuring sustainability for the company.

The Legends of Runeterra development team will be downsized due to underperformance.

Riot Games will prioritize its core games, esports, music, and entertainment and has announced a partnership with Xbox Game Pass.

Despite the layoffs, the company is committed to supporting affected employees and is optimistic about creating unique content.

Riot Forge, a spinoff developer, will be shut down following the release of 'Bandle Tale: A League of Legends Story' due to financial issues.

Affected employees will be offered severance packages, job placement services, and counseling.

The layoffs are part of a larger trend in the gaming industry, where companies are experiencing job losses due to post-pandemic demands, rising costs, and increased competition.

Updates on Riot Games' portfolio will be provided at a showcase in February.