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Changes at Riot Games and the road ahead

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Re: Changes at Riot Games and the road ahead

#111

Post by gamblor956 »

akira2501 wrote: post #94
gamblor956 wrote: post #92

Earlier quoted context omitted.

Tencent lost a lot of value because China decided to crack down on a number of Asian business video game business models last year, and this directly affected a large portion of Tencent's portfolio. However, according to their Q3 filings (Q4 has not been filed yet), their video game revenue is actually up and they specifically cite the performance of Valorant. So the issue for Tencent wasn't Riot Games, it was its Ch…

More recent news shows that the "government official" in charge of introducing this new rule was fired and the rulemaking abandoned. Their total value loss has occurred solidly throughout 2023. No part of the year was particularly good for them, and the regulator news doesn't seem to have had any unique impact, at least looking at their OTC chart.

The announcement of the rule caused an 12.7% drop in stock price from which Tencent has still not recovered.

Re: Changes at Riot Games and the road ahead

#112

Post by biotopia »

uudecoded wrote: post #89

Has anyone noticed that there are now 78 comments on this post and no Rioters checking in? Have I missed something? On any HN corporate layoff post, we should expect some volume of named company FTEs or impacted folks commenting. There seems to be a pattern here that has been ebbing and flowing over the last few years. Should this be a titled phenomenon/effect? I see at least 3 options here: 1) Named company employee…

The layoff announcement mentioned that the 11% staff laid off is global. It's possible a lot of people laid off are actually in China, since Tencent owns 100% of Riot Games.

It's doubtful that these Chinese employees are chatting about it on hacker news, since it would draw attention of the authorities. Also, there is a trend for Chinese companies to not hire workers that are over 35 years old, so most of these employees are probably in shock on how they would pay their mortgages and support their parents at the same time. And Chinese economy is in the crapper right now.

Tencent is doing pretty horrible as well. Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear https://finance.yahoo.com/news/tencent-plunges-china-unveils...

Re: Changes at Riot Games and the road ahead

#113

Post by Tao3300 »

Blackthorn wrote: post #58
mjr00 wrote: post #55

Earlier quoted context omitted.

> We know it has somebody with a foot fetish. Look at the footwear of all the female characters (at least the ones made before 2016, I haven't played it since then). ehh?? On the character models or splash arts? I've played for a long time and have never heard anyone else say this, outside of the French Maid Nidalee skin[0] which is obvious foot fetish bait. The most notable foot-related art commentary was always aro…

> ehh?? On the character models or splash arts? Splash arts generally. Almost every single one is wearing heels. Once you notice it you can't stop seeing it.

Haha... I think actually the rest of us can stop seeing it! What does it mean when you're the only one who noticed? ;)

Re: Changes at Riot Games and the road ahead

#114

Post by bob1029 »

> Our strategy will more tightly integrate esports, music, and entertainment with our games. Esports isn't just about competition; it's about the highs, the lows, and the communities that flourish around the games.

From my perspective, Riot Games began a course for the rocks the moment they started chasing esports and "meta". Imagine developing a game where you apply punitive actions to players for selecting game play paths you openly allowed them to pick. "Oops! you're having fun slightly wrong so enjoy this ban". I could get over some of this in support of high stakes gameplay objectives, but if it's all the time at every level it's like a cancer. The exact moment I stopped playing League of Legends was the day they released the patch that said we could no longer stack items. I felt the fun go away like a light switch being flipped off.

I am done with consuming games as of 2024. I used to game more than I worked not too long ago. The MBAs and related types have completely sucked the fun out of the room. I feel for the developers and artists who will be job hunting this year. Their leaders have failed them on many levels and over such a long period of time. LoL was the game to play for a solid decade and there isn't any obvious reason it couldn't have continued for another.

Blizzard and Overwatch are a carbon copy of this if you need one. In this case, the original game didn't even survive. They had to increment the integer and completely kill & bury the original title to justify their insanity to investors. The only viable path I can see at this point is to start a game studio from the ground up and avoid all external capital by burning gigantic piles of my own cash. Fun at all costs.

Re: Changes at Riot Games and the road ahead

#115

Post by rcbdev »

advael wrote: post #107
nox101 wrote: post #103

Earlier quoted context omitted.

Did you look into unemployment benefits? I've never done this but I had acquaintances who looked forward to getting laid off because they'd get unemployment payments from the government for up to 6 months so they saw it as vacation. All they had to do was lie about looking for a job. This was quite a while ago so things might have changed. PS: not saying you shouldn't have gotten a better severance package.

Unemployment never pays your full salary, and how much it even scales with your salary caps at a number much lower than is relevant for about the top 75% of software engineers in most states. Assuming you're not straight up lying, then the people you talked to likely derived considerable security from their savings and future job prospects, or possibly even other exogenous factors such as supportive families or incom…

Or they were unmortgaged home owners already - You really don't need that much money to just keep on living for a few months at that point.

Re: Changes at Riot Games and the road ahead

#116

Post by meheleventyone »

uudecoded wrote: post #89

Has anyone noticed that there are now 78 comments on this post and no Rioters checking in? Have I missed something? On any HN corporate layoff post, we should expect some volume of named company FTEs or impacted folks commenting. There seems to be a pattern here that has been ebbing and flowing over the last few years. Should this be a titled phenomenon/effect? I see at least 3 options here: 1) Named company employee…

Games has a more developed culture of not talking outside the company in public spaces mostly around in development games but that tends to extend beyond that as well.

Re: Changes at Riot Games and the road ahead

#117

Post by justin66 »

atlas_hugged wrote: post #60
Imz4di wrote: post #37

Earlier quoted context omitted.

Pretty decent. When I was laid off last year from a company that supposedly has a reputation for taking care of their employees, I got 1 week per year of service, which was 8 weeks.

Name and shame please.

One week per year of service is so standard, no company is going to be shamed by it. That doesn't mean it's not lame.

Re: Changes at Riot Games and the road ahead

#118

Post by [deleted] »

bob1029 wrote: post #114

> Our strategy will more tightly integrate esports, music, and entertainment with our games. Esports isn't just about competition; it's about the highs, the lows, and the communities that flourish around the games. From my perspective, Riot Games began a course for the rocks the moment they started chasing esports and "meta". Imagine developing a game where you apply punitive actions to players for selecting game pla…

[deleted]

Re: Changes at Riot Games and the road ahead

#119

Post by [deleted] »

uudecoded wrote: post #89

Has anyone noticed that there are now 78 comments on this post and no Rioters checking in? Have I missed something? On any HN corporate layoff post, we should expect some volume of named company FTEs or impacted folks commenting. There seems to be a pattern here that has been ebbing and flowing over the last few years. Should this be a titled phenomenon/effect? I see at least 3 options here: 1) Named company employee…

[deleted]

Re: Changes at Riot Games and the road ahead

#120

Post by [deleted] »

0xjmp wrote: post #28
ocdtrekkie wrote: post #20

Earlier quoted context omitted.

Yeah to be honest, a half-year sabbatical with time to job hunt non-frantically is a luxury I've never had. I love my current job, but I would probably look at a half year severance like a vacation.

In this current job market 6 months to next job is a very quick turnaround...

[deleted]
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