India, Sept. 2 -- Layoffs Hit RMG Giants

India's gaming ecosystem is still in the throes of the biggest reset it has ever seen as more and more companies scale down in the wake of the ban on real money gaming. Indeed, the scene looks more like a slasher or horror title than a fantasy league. The government's crackdown on RMG means layoffs are piling up.

Layoffs Season: The pink slips are flying. Games24x7 kicked off its second round of layoffs this year, a clear sign of the deepening crisis. PokerBaazi, too, is reportedly about to slash its workforce by half, which mirrors recent cuts at gaming unicorn MPL. The message is clear: the party is over, and the house is clearing out.

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