Peak XV-backed gaming startup MPL cuts workforce by 50% amid taxation changes

India’s popular online gaming and fantasy sports startup Mobile Premier League is reducing its staff by approximately 50%, two people familiar with the matter said, weeks after New Delhi implemented a 28% tax on online real-money games.
The Bengaluru-based startup initially announced its plans to cut jobs to employees last week and sent a formal communication on Tuesday, the people said, requesting anonymity discussing private matters. Roughy 350 jobs will be eliminated, according to the people and an internal memo.
MPL earlier declined to comment but following the publication of the sto

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