Tencent (OTCMKTS:TCEHY) layoffs are a hot topic on Tuesday as subsidiary Riot Games announces plans to cut jobs around the world. Riot Games, the developer behind the multiplayer online battle ...

Riot Games is making 530 staff redundant in a big shake-up that's going to see the company refocus, axing their Riot Forge publishing arm and changing development to Legends of Runeterra.

Riot Games' Arcane Netflix series, which rose to critical acclaim and had a successful two-season run, reportedly failed to make money back for the company.

Tencent Holdings' Riot Games has said it will cut 530 jobs which account for about 11% of its global workforce. Chief executive officer Dylan Jadeja told staff "our costs have grown to the point ...