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Along with 20 employees, Launcher, the seemingly growing video game vertical at the nation's second most-subscribed newspaper, is no more.
The layoffs, one of Riot's first-ever publicized reductions in force amid shifting priorities within the company, focus primarily on talent acquisition and recruiting.
Amid heavy losses and looming doubts, the company’s stock has plummeted from an August high of just over $20 per share.
The teams are seeking some form of economic relief after years of high operating costs and disappointing revenues.

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The voice of the animated hit's titular characters is embroiled in multiple scandals after news of a 2020 criminal case surfaced.
The second most valuable esports team in the world is eliminating about one sixth of its workforce.
The tech giant appears poised to dominate its latest wearable technology: mixed-reality headsets.
Antitrust litigation could not only jeopardize the deal for the two entertainment giants, but also present new union issues.
When we launched The Jacob Wolf Report, I made five key predictions for the rest of the year. So let’s take a look and see how they turned out.
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Twitch's top creator collective is under fire again for its second such scandal in the past three months.
The LCS and North American Challengers League will now have a coaches' counterpart to its already-established players' association.
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The Jacob Wolf Report

An inside and often investigative look at gaming, esports and the people and companies that drive the industry.
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