Mumbai, May 6 -- Games24x7 initiated layoffs over the past few days, coinciding with Supreme Court hearings on the 28% Goods and Services Tax (GST) on online gaming that began Monday.

The company declined to comment on the layoffs or disclose how many people were affected. However, two industry executives aware of the matter estimated that around 180 employees were let go.

As of October 2024, Games24x7 had a workforce of 821 employees, according to Tracxn data. This would imply a reduction of roughly 21.9% of its staff.

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A third senior executive with direct knowledge of the matter, who requested anonymity, said the layoffs were "necessary, since the company ...