They need to find a loophole in this new rule else all gaming industry will collapse.

Software Engineer

Consultant

I love how the CEO just blamed the government and took no responsibility. Classic. 
  
 Casinos in Goa are taxed the same 28% and still make a killing.  
  
 GST won't impact RMG as much as the PR says it will. Customers mostly don't care.  
  
 Mpl and other RMG cos are just overvalued, are competing for a small number of high value gamblers, and need to right-size.

I don't think Casinos and Mobile games can be compared directly 💁🏻‍♂️

Product Manager

Investor

Instant profit for their balance sheets ☄️🔥

Toh profit loss account main Kya daaloge?

Analyst

Engineering Manager

Product Owner

VC Analyst

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

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

MPL layoffs 350 employees

MPL layoffs 350 employees- Grapevine

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.

Product Head

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

Friend got laid off from MPL(Mobile Premier League) today.  They are firing in cabin. Don’t even give interviews to such companies

Layoffs at MPL

Welcome to Product Managers's Private Community

MPL is going down!

Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week,
https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headcount-to-prepare-for-new-economic-reality-details-article-99632767

Simpl Layoffs: 25% of its workforce

Heard they first layoff, then do increment and take left over employees on international offsites. 

Is the company surviving?

How is MPL doing business and growth wise?

Program Manager

Welcome to News Discussion's Private Community

MPL’s FY23 net loss fall over 80% to INR 87.2 Cr from INR 449.4 Cr in the previous financial year

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

Mass layoff at MPL

Generalist

https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html

Cisco to layoff more than 4000 - That is some big number!

Data Scientist

Becoz of GST many companies are pivoting or changing gaming algo to make players loose to pay GST. Game of chances are being launched

1. MPL , Launched betting games 
2. Zuppee , teen patti and betting games 
3. Games craft , rummy circle rigged card distribution
4. Tradex , Probo Mostly will shut down 
5. Rummy apps , Better opinion , tamasha and other small companies are planning to shut down RMG part
6. Nazara acquired RMG companies are unable to operate 
7. Octro is closing the RMG app. 

What more ? If anyone knows do share up.

RMG (Real money Gaming) companies going dead

Hoping they all close ASAP. 28% GST  is not enough. It should be higher at 50%.

Westerners used Internet and computing to design better planes and build better engines, our guys are using it to play cards.

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.

Layoff at MPL?

Project Manager

The affected employees have been given severance packages of salaries equal to the number of years of service in the company. 

SAP Labs India lays off around 300 employees

SAP fired 300

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.

MPL’s game behind layoff

If we look at layoff trends in India, then late stage IPO headed startups are doing it to boost profitability, or mid to early stage ones where they're trying to fit into a viable biz model. some mid sized MNCs also did layoffs where they have seen hit to their books.. all in all, crux was similar - to boost efficiency and eliminate redundancy.
Then comes the companies with their support teams in india or US/EU banks and their ops outsourced in India.. i mean if you got friends in these firms you would understand how chillax they're about this.

Take the example of AmEx...there's so much slack in the company, got few friends there and all of them don't work more 4 hours a day and that too most of the work some excel and next to shit level of python/sql while their salary in almost 90-95% of avg market (similar to what top paying startups).. Along with that teams are operating at 150% of strength so wlb is heaven there. story is similar with folks in similar US based support ops in india (citi, jp morgan, mastercard, some service based orgs etc)

but look the irony of overall market.. you should be efficient and scared about your job as long you're into startups and Indian firms but once you make it captive or offshore centres of these US based firms.. you're life is chill, relax, no bad wlb, practically no layoffs. so you won't find these folks scrambling across GV or fishbowl or like that and getting stressed about seeing how other folks feel when one of the closer startups decided to restructure 

(i am frustrated because i once let go a offer of top US fintech company to go for a startup and now all i have is regrets given how the events across startup ecosystem are folding like layoffs across Fk, swiggy etc.. and not only layoffs but in general WLB and culture has taken a huge huge hit ::///// ) well it is what it is i guess then :,)

Layoffs trends in India

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

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 !!!

MPL layoffs 350 employees

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