As posted by journalist Kevin Hitt on Twitter:

First posted by Veteran…sources has confirmed to me that the LCS will be going from 10 to 8 teams for the upcoming season with the two teams relinquishing their spots back to Riot. #LCS.

https://twitter.com/Kevin_Hitt/status/1726655071520514549

Looks like a lot of pros and coaches are about to find themselves unemployed.