Tencent-owned Riot Games plans to lay off 530 employees globally, or about 11% of staff, saying Riot "more than doubled in headcount" over the past few years (Cecilia D'Anastasio/Bloomberg)

Cecilia D’Anastasio / Bloomberg:

Tencent-owned Riot Games plans to lay off 530 employees globally, or about 11% of staff, saying Riot “more than doubled in headcount” over the past few years  —  “This isn’t to appease shareholders or to hit a quarterly earnings number it’s a necessity,” the League of Legends maker …