MPL layoffs 50% of their indian workforce ~ 350 employees After the 28% GST rule
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.
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 t...
companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons, if someone...
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.
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-headc...
