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Games24x7 Initiates Second Round Of Layoffs This Year
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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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