Games 24x7 Layoffs
May 2025
Games 24x7 announced a layoff affecting 180 employees in May 2025. The company operates in the Consumer sector.
180
May 7, 2025
About
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.
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