Tencent Holdings’ Riot Games has said it will cut 530 jobs which account for about 11% of its global workforce.

Riot Games, an online gaming company, has announced that its costs have become unsustainable, leading to layoffs of teams outside of core development. The company will focus on its live game portfolio, following similar job cuts in the gaming industry last year.

Riot Games, a company that has doubled its headcount in recent years, is facing job losses due to the pandemic. Despite high-rated titles like Baldur’s Gate 3, Zelda: Tears of the Kingdom, and Spider-Man 2, sales have slowed down after lockdowns ended. Riot will stop new game development under Riot Forge and drop features in Legends of Runeterra. Tencent bought a majority stake in Riot Games in 2011.