Gaming unicorn MPL lays off 350 employees, revisits office infra costs

Mobile Premier League (MPL), the mobile e-sports and digital gaming unicorn, is laying off 350 employees, which represents about 50 per cent of the company’s workforce, according to sources.

“This has been a heart-wrenching process because it impacts a lot of our friends and colleagues,” said MPL co-founders Sai Srinivas and Shubh Malhotra said in an email to employees and seen by Business Standard.

The move comes at a time when the GST Council has recommended imposing a 28 per cent tax on full deposit value, with no distinction made between games of skill and chance. Gaming platforms currently pay an 18 per cent GST on platform fees.