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Games24x7 Initiates Second Round Of Layoffs This Year


SUMMARY

Games24x7 has started reducing its headcount — the second such exercise by the company in recent months

This is the third RMG startup to resort to layoffs in the wake of the RMG ban, following Mobile Premier League (MPL / M-League) and Nazara-backed PokerBaazi

Earlier in May, the startup had laid off close to 180 employees after seeing a big revenue impact from the GST clarification which came in late 2023

Adding to the industry-wide retrenchment in the crumbling…



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