Its always grating when CEOs say they "take responsibility" but they're not taking a demotion and paycut. No, somehow, the idiots who made the shitty decisions get to keep making them. Apparently that's "responsibility."
I was laid off from my small warehouse job because the company wasn't making enough money. The next month my boss took his family on an African safari. Eat the rich.
I don't really think riot is trash. But I don't follow the media around gaming that much. Their layoff plan seems extremely generous and caring considering other bullshit I've seen. It sounds like they care about people - so it's good pr at least .
When your culture of sexism results in a class action lawsuit from former and current employees, and you pay out to the tune of 100 million and keep all the same executives who were accused of harassment and discrimination, and you have to have a third party watch over your company for years to make sure you're not still doing this stuff: you're a trash company.
so it’s good pr at least .
I couldn't roll my eyes any harder. That's literally all it is.
Literally the very first thing Riot did was steal and intentionally attempt to sabotage a beloved free game cause they were greedy and wanted all the money.
Pendragon used to maintain Dota, when he passed it over to IceFrog he (for some reason) kept control over the Dota website (you used to have to go to the website and download the Dota map everytime it updated), so it was pretty important, as well as the forum community.
When Pendragon decided to start Riot and LoL, instead of just giving the website to IceFrog he took the site offline and replaced it with a redirect advert for LoL.
The forums were also taken offline where he went into the data and stole a whole bunch of hero designs that were suggested and under discussion.
Overall a dick move, and what a way to introduce your new company and game to millions of people.
Even though I don't play Dota anymore, I'm very pleased that both Riot and Blizzard failed to seize the copyrights to Dota from Valve.
These layoffs are always for shareholders as share prices go up when the layoffs happen. It's not about cash flow. It's purely about shareholders.
Share prices go up always affects c suite the most. They get better returns on the shares they own and also get large bonuses. Far from take responsibility, a ceo massively profits from layoffs.
I remember reading in 2020 the CEOs of Toyota and Columbia sportswear both reduced their salary so they wouldn't immediately have to lay people off like most companies were doing.