Tencent's Riot Games to lay off about 11% of staff

Young boys play the game "Honour of Kings" by Tencent, during an event inside a shopping mall in Handan, Hebei province, China August 5, 2018. Picture taken August 5, 2018. REUTERS/Stringer/File Photo

(Reuters) -Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.

Los Angeles-based Riot, whose popular titles include "League of Legends", said teams outside of core development will see the largest impact from layoffs.