With a name like that it couldn’t shutdown any sooner.

System Engineer

I've heard rumours that Dangal Games has shut down it's operations after the 28% GST, can anyone please confirm?

Growth Manager

I've heard rumours that Dangal Games has shut down it's operations after the 28% GST, can anyone please confirm?- Grapevine

Welcome to News Discussion's Private Community

After 28% GST, what’s the scene like in the offices of fantasy gaming offices?

Software Engineer

Welcome to Indian Startups's Private Community

Heard MPL is laying off massively , due to 28% GST rule in gaming. Employees have been asked to work for home for a week , so that they can structure layoffs.

MPL mass layoff

Founder

Folks at Dream 11, Games24×7, Junglee, etc how's the environment in the office? Have there been any updates from the leadership regarding the direction they'd be taking? 
As of now, here at Gameskraft it's an elephant in the room with everybody in denial, talking about how we can still survive and no updates from leadership yet.

Thoughts on 28% GST for online gaming?

I’m from a esports gaming company. Spoke to my CEO regarding this today morning.  
  
 This move is completely short sighted and reinforces how bad policymakers are in our country. This might kill small companies in the short/medium term altogether.  
  
 Gaming companies based out of India that were looking to raise funding will have the hardest time doing so going forward. 28% GST + income tax on the company end. ₹100 deposited directly being reduced ₹72 in your account. The government ends up earning almost 50% from players AND the company.  
  
 I’m seeing boomers applaud this move as they want the new generation to “focus more on less time wasting activities”, but they don’t know anything about the numbers of the gaming industry outside of India. Indian esports and gaming is just at the beginning of its rise. This move sets it back in terms of investment and revenue heavily.  
  
 Luckily, we’ll have an entity setup in the UAE soon, and that entity will in a few months become the holding entity, with the Indian entity being a subsidiary. Many more companies will do this, and the government will see how this increase in taxes backfires because companies will just create holding entities outside of India :)

Product Head

Product Manager

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Hike layoffs

A real money fantasy gaming company based in navi mumbai is all set to lay off more than 70% of its workforce. The employees have already been told to start searching for jobs elsewhere. Layoffs will begin  post October. 
They will most probably put the employees on pip before termination.

Layoffs at a growing Fantasy gaming company based out of Navi Mumbai

Centre has decided to impose 28% gst on Online gaming. How will companies like Dream11, Games2win, Nazara etc pivot now?

Management Consultant

Welcome to Office Gossip's Private Community

With govt breathing down neck of all gaming RMG cos heard some big names are leaving

1. Senior leadership exits at one of the big Rummy RMG players. Silent exits expected of one entire layer because they don’t want to message that they are not doing well with all govt GST laws. Business drop by 50%

2. Mobile Premier League / MPL CEO cofounder is going to step down. The other cofounder who runs the company day2day will take over. News is that CEO has been on vacation even with all this GST action & some notices they got. laying off 50% of company & then with 20cr house think he has done enough 

RMG is most happening industry across !!!

Big News!!! exits in gaming

Product Owner

40,000Cr to Dream11
20000Cr to GamesKraft
16,000Cr to Deltacorp

This will be a major blow to the online betting industry. All the top companies have taken a major hit. Will be interesting to see how they recover from it. Deltacorp shares already down 18% today!

Central Board of Indirect Taxes and Customs is likely to send show cause notices to over 40 skill-gaming companies for alleged tax evasion after the Supreme Court stayed a Karnataka High Court judgment

Dream11 parent approaches Bombay High Court challenging GST evasion notice

40,000Cr GST notice to Dream11

Should Target Astrology startups as well those are just as dumb-predatory-addicive as online gambling

Is it true that Flipkart has laid off a lot of people recently? Across PM, tech, business roles? Can anyone confirm this?

Layoffs at Flipkart

I’ve heard some worrying rumours from Indo-based folks about possibility of layoffs in upcoming weeks/months. Does anybody know what’s going to happen or have an inside scoop?

Does anyone know what is happening at Gojek?

Product Designer

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Silent layoffs happenings across organizations

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

Software Test - QA

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho started layoffs !!!!

Software Developer

Heard that massive layoffs are happening and they are exiting the market altogether?

Any intel on it

Any news on Goodworker

Online gaming startups are among those rare breeds which were profitable . With this move, even they will be forced to do layoffs..

28% GST on online gaming. Tough times for dream11, mpl etc

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Consultant

Overheard someone working at Inshorts Noida office that they are doing layoffs right now. Is it true ? Can someone confirm ?

Layoffs at Inshorts ?

https://twitter.com/subhashchy/status/1684343013311660034?t=dfPI836xHrkMwrcjpIyh2g&s=19

No idea about the full extent of layoffs, seems like either a PR play to tackle leaked layoff news or doing the whole airbnb style 'helping employees land their next gigs'

Dukaan layoff confirmed by founder on twitter

Computer Operator

Edtech startup Adda247 has fired around 250-300 employees across verticals, sources aware of the development told Entrackr.

I've heard rumours that Dangal Games has shut down it's operations after the 28% GST, can anyone please confirm?

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