India, Sept. 1 -- Adding to the industry-wide retrenchment in the crumbling Indian real money gaming sector, gaming and entertainment unicorn Games24x7 has started reducing its headcount - the second such exercise by the company in recent months.

As per sources close to Games 24x7, the layoffs would see terminations across departments in the startup. While other media reports claimed a significant portion of the workforce is being laid off, Inc42 could not verify the total number of employees impacted.

Games24x7 has declined to comment on the issue.

This is the third RMG startup to resort to layoffs, following Mobile Premier League (MPL / M-League) and Nazara-backed PokerBaazi. The layoffs across the RMG industry were more or less anti...