MPL to lay off 350 employees after 28% GST imposed on online gaming

India’s popular online gaming and fantasy sports startup Mobile Premier League (MPL) is laying off 350 employees, representing about 50 per cent of its India workforce, reported Moneycontrol.

This comes weeks after New Delhi implemented a 28 per cent tax on online real-money games.

MPL’s survival plan

The Bengaluru-based startup initially announced its plans to lay off employees last week and sent a formal communication on Tuesday, people familiar with the matter said.