Layoffs at MPL

My friend was supposed to join MPL but his offer got rescinded. I also heard they’ll start laying off soon. Can anyone shed some light on this? Because I was planning on taking a role there as soon as my friend joined in. Heard they have awesome work life balance + free food + frequent parties etc etc.

MPL layoffs 50% of their indian workforce ~ 350 employees After the 28% GST rule

Heard MPL is laying off at mass. Any updates??

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.

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

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 !!!

MPL is in big losses and the new valuation of MPL is hardly 300 million $ information from auditors.

following events occurred before and after layoff: (Layoff was planned long before just that GST gave a good excuse) 1. Two months back on call to employees they announced no need to worry we have good run way and we are doing good. They said all are safe. 2. A month back call happened again for GST calls 3. GST arrived 4. A call got scheduled informing mass layoff 5. Layoff happened, two types of people got affected, firstly who were not needed got laid off because they were being paid more than for what they contribute. Secondly, politics happened and people who are paid reasonably and even people who are getting less salaries and are hard working also got laid off 6. After a. successful execution of Layoff, since no body pin pointed about why such big cut just after the announcement, again a call got scheduled. 7. Hikes were announced for all and again the same promises what they did before layoff to all. 8. Party happened and good sleep because they achieved a great milestone. 9. next we will get to know after the long weekend. I am personally in pain seeing such good folks parting ways. Its called backstabbing. I know few folks very personally and they are cream but bad at politics and sycophancy. I hope god put them all in better place. Severance pay and laptop is not as helpful as a job at this point of time. The market is not good, MPL should have supported folks who were loyal to them.

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)