Wed, Aug 09, 2023
MPL, the online gaming giant, has announced that it is laying off 350 employees, nearly 50% of its workforce. The GST tax hike has increased MPL's tax burden by as much as 350-400%. This has forced the company to make some tough decisions, including laying off 350 employees. This is the first major casualty of the GST tax hike for the online gaming industry.
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Tue, Aug 08, 2023
MPL, one of the most valued gaming platforms, had registered losses to the tune of about $149.3 million in FY22, from $48.3 million in FY21 -- a three times surge.
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