The company remains committed to providing a diverse and engaging gaming experience to its users while complying with regulatory requirements. While the layoff of 350 employees is undoubtedly a challenging decision, it is a move that MPL hopes will help it navigate the current tax burden and ensure the platform’s long-term sustainability. However, the new tax has put pressure on its financials, necessitating the workforce reduction. The company has experienced significant success in recent years, attracting a large user base and securing substantial investments. MPL, which is one of the leading gaming platforms in India, offers a multitude of online games, including fantasy sports, quiz games, and more. The aim of the tax is to regulate the sector and generate revenue for the government. The Indian government’s move to impose taxes on online gaming companies comes amid ongoing concerns over the negative impact of online gaming on society, including issues related to addiction and gambling. As a result, the company has made the difficult decision to reduce its workforce. The tax imposed by the government has forced MPL, along with other online gaming companies, to take steps to survive. The decision was revealed in an internal memo seen by Reuters on Tuesday. Indian gaming platform Mobile Premier League (MPL) has announced that it will be laying off 350 employees in an effort to mitigate the financial impact of a tax imposed by the Indian government on online gaming companies.
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