this post was submitted on 23 Jan 2024

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198

An Important Update about Riot’s Future (www.riotgames.com)

submitted 1 year ago by [email protected] to c/[email protected]

56 comments fedilink hide all child comments

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.

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[–] [email protected] 82 points 1 year ago (1 children)

So basically...

CEO claims responsibility.
Employees face the consequences.

That tracks.

[–] [email protected] 10 points 1 year ago (2 children)

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?!

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

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 1 points 1 year 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.

[+] [email protected] 1 points 1 year ago* (last edited 3 weeks ago) (1 children)

[deleted]

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

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?