Riot co-founder Marc Merrill and its new chief executive, Dylan Jadeja, shared with millions of players worldwide that moving forward the company will refocus on \u201cfewer, high-impact projects\u201d to move toward a \u201cmore sustainable future.\u201d<\/p>
The company has also publicly shared the letter addressed to its employees, many of whom learned of the situation seemingly at the same time as the public according to what several Rioters have already shared on their social media accounts. The letter recounts how, over the past five years, Riot made \u201cbig bets\u201d which led to its doubling in size. However, some of those investments have not been paying off the way Riot expected them to, pushing the company to a corner with \u201cno room for experimentation or failure.\u201d<\/p>
While Jadeja shared that Riot has tried to avoid this \u201cextremely sad moment,\u201d his letter to all employees also points at some \u201cunsustainable\u201d costs; hiring slowdown and freezes; and \u201ctradeoffs\u201d team leaders were asked to make. When it was clear those changes wouldn’t be enough, Riot needed to cut down in the area where it invested the most: headcounts.<\/p>
The letter also listed the next steps the company will take with those affected. Meetings and \u201crituals\u201d will be canceled, while those heading to the offices are asked to be sensible about others who may \u201cbe having difficult conversations\u201d there.<\/p>
