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MPL JOB CUTS
Zupee lays off 200 in second round of job cuts after real money gaming banOnline gaming startup Zupee has cut about 200 jobs in a fresh round of layoffs after India’s ban on real money gaming. The move follows ear...- Meesho's Q3 losses balloon & other earningsEcommerce firm Meesho's losses widened despite strong revenue growth. This and more in today's ETtech Top 5.
- Gameskraft lays off 120 amid real-money gaming ban, CFO fraudGameskraft has laid off 120 employees due to the new online gaming regulations and halted operations. The company also filed a police compl...
- Ban-hit real money gaming companies fire 2,000 setting off a scramble for jobsNearly 2,000 employees at real money gaming (RMG) firms including MPL, Games24x7, Zupee, PokerBaazi, and Head Digital have lost jobs after ...
- Layoffs shake gaming startups; Ecomm logistics' festive squeezeHappy Tuesday! The ban on real-money gaming has left over 2,000 jobless in the industry. This and more in today's ETtech Morning Dispatch.
- BigBasket top brass churn; RMG ban pain manifestsHappy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech...
- ETSA 2025 winners are here; Job cuts at MPLThe winners of the 11th edition of The Economic Times Startup Awards are here. This and more in today’s ETtech Top 5.
- Gaming app MPL to sack 60% of India staff after real-money gaming ban, source saysPrime Minister Narendra Modi's government this month banned online paid games, citing financial and addiction risks especially among youth,...
- Byju’s term loan gets more expensive; MPL lays off 350 post GST hitByju's quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an addition...
- Read Mobile Premier League founders' note to staff on layoffsReal money gaming company Mobile Premier League (MPL) is laying off 350 of its staffers, citing increased costs due to an impending rise in...
- Will request GST Council to reconsider 28% tax on online gaming: MoS Rajeev ChandrasekharAmid backlash from the online gaming industry over the imposition of 28% GST, Chandrasekhar has said he will “request the GST council for c...
- ETtech Interview: Zerodha's Nithin Kamath on profits, market volatility & correction; venture funding gains momentum in generative AI sectorIndia’s largest stock broker Zerodha’s founder & CEO Nithin Kamath expects the firm's revenue and profits to expand by one-fifth in the yea...
- CFOs warn about job cuts in education sector in next 6 monthsAccording to a a survey of 600 CFOs by Coupa, a Cloud-based platform, 100 per cent of CFOs in the education sector responded with "reduce w...
- Angel tax: valuation rules under review; online gaming firms miffed with IAMAIThe Budget 2023-24, presented in Parliament last week, sparked fears of the government bringing foreign investors under the ambit of angel ...
- Over 70 Indian startups show exit door to 21K techies, more pink slips comingAs global layoffs deepen, Indian startups are not far behind and have sacked thousands of employees in the past 3-4 months, with many more ...
- 2022 Year in Review | Tech firms embrace layoffs as recession fears buildAfter two years of staggering growth during the pandemic, online businesses were caught out when Covid began to fade. Russia’s invasion pro...
- Over 32,000 tech workers fired in US, more than 11,000 in India till JulySince April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13% are fro...
- Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
- Over 50K startup employees stare at job loss as India prepares for 200 unicornsNearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacade...
- Mobile Premier League to lay off 100 workers, exit IndonesiaFounded in 2018 by Srinivas and Shubam Malhotra, MPL offers around 70 games across categories such as daily fantasy sports, quizzing, board...
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