MPL to give pink slips to 60% of India employees

Gaming company Mobile Premier League (MPL) is set to give pink slips to 60% of its India workforce following the ban on online real money games (RMG).

According to a Reuters report, MPL cofounder Sai Srinivas Kiran, in an internal mail, informed the staff that the startup will be downsizing its workforce in India significantly.

“We are committed to providing those impacted with every possible support during this transition period. India accounted for 50% of M-League’s revenues and this change would mean that we would no longer be making any…