Games 24x7 layoffs — LayoffCheck https://layoffcheck.com/companies/games-24x7 Layoff and WARN notices reported for Games 24x7. en-us Games 24x7 cut 400 employees (September 1, 2025) https://layoffcheck.com/companies/games-24x7#2025-09 https://layoffcheck.com/companies/games-24x7#2025-09-268 Mon, 01 Sep 2025 12:00:00 GMT Facing a government ban on real-money gaming and mounting regulatory pressure, Games 24x7 cut 400 employees in September 2025, its second round of layoffs within months. The Mumbai-based company, best known for the fantasy sports platform My11Circle, had already eliminated 180 positions in May 2025, which it attributed to over-hiring during a Supreme Court deliberation over the gaming GST dispute. The September cuts reflected a sharper reckoning: the new ban stripped the company of its primary revenue model in India. Games 24x7 reported FY23 operating revenue of roughly 1,988 crore rupees but posted a net loss of 199 crore rupees. With domestic paid gaming effectively outlawed, the company said it would shift focus toward international markets and free-to-play formats. Games 24x7 cut 180 employees (May 7, 2025) https://layoffcheck.com/companies/games-24x7#2025-05 https://layoffcheck.com/companies/games-24x7#2025-05-363 Wed, 07 May 2025 12:00:00 GMT Indian fantasy sports and online gaming company Games 24x7 cut approximately 180 permanent employees in May 2025, with the reductions spanning its Delhi, Mumbai, and Bengaluru offices. The company pointed to mounting costs in its My11Circle fantasy sports division, particularly IPL sponsorship commitments it described as "a significant cost burden." The broader context was a deepening crisis across the Indian gaming industry: the government has applied a 28% GST on the full entry amount wagered in online games, treating even skill-based contests like fantasy sports and rummy as gambling. Gaming companies have disputed that interpretation, but the tax has squeezed margins industry-wide. Games 24x7 had grown to 821 employees as of October 2024, having hired aggressively in the two prior years. No severance details were disclosed. The company is backed by Tiger Global Management, The Raine Group, and Malabar Investment Advisors.