Games 24x7

Games24x7, a major player in India's online gaming industry, has laid off approximately 400 employees in September 2025, marking its second round of job cuts within a year. This reduction comes amid severe regulatory upheaval, specifically a government ban on real-money gaming operations, which has placed significant financial pressure on the sector. The company, known for platforms like My11Circle, had previously let go of about 180 employees in May 2025, citing over-hiring during a period of regulatory uncertainty. These layoffs reflect the broader crisis facing real-money gaming companies in India, prompting government intervention through meetings to address compliance and industry concerns.

Online gaming company Games 24x7 has laid off approximately 180 employees, representing about 22% of its workforce, which stood at 821 as of October 2024. The cuts, reported in early May 2025, primarily affect permanent staff across offices in Delhi, Mumbai, and Bengaluru. The layoffs are attributed to significant financial pressures, including the high costs associated with sponsoring the Indian Premier League through its fantasy sports division, My11Circle, and the broader industry turmoil stemming from a 28% Goods and Services Tax (GST) on online skill-based games. The Indian gaming sector, valued around $3.7 billion, is currently facing intense regulatory scrutiny and legal disputes over tax classification, prompting companies like Games 24x7 to reduce operational expenses.