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Graphic of the day: Layoffs in gaming startups in 2023

GST and acquisitions drove widespread layoffs at India's gaming startups throughout 2023

By Samreen Wani
Last Updated: Sep 01, 2025, 13:00 IST1 min
India's gaming startups faced a major market correction in 2023. The imposition of a 28 percent GST on online gaming and a wave of industry acquisitions resulted in widespread layoffs even among major companies like MPL, which has again announced plans to downsize its Indian workforce after a ban on online money games, and Hike.
India's gaming startups faced a major market correction in 2023. The imposition of a 28 percent GST on online gaming and a wave of industry acquisitions resulted in widespread layoffs even among major companies like MPL, which has again announced plans to downsize its Indian workforce after a ban on online money games, and Hike.

First Published: Sep 01, 2025, 13:00

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