India, Nov. 26 -- Flutter Entertainment-owned Junglee Games has laid off 350 employees across its Delhi and Bengaluru offices.

The company plans to redeploy its existing manpower of roughly 600 people as part of its restructuring exercise for India. It also plans to shift to a free-to-play model, departing from its previously high-growth real-money format.

The retained employees will be given roles at Flutter's Hyderabad-based GCC (global capability centre) or will be moved to support the free-to-play model. Junglee Games is exploring ways to monetise their existing games without a cash-in or cash-out concept.

"We have had to make the difficult decision to reduce our Junglee Games headcount in some areas, as we will now only offer Free...