Layoff Details
- Reason
- Gameskraft undertook a sweeping organizational restructuring, leading to significant layoffs primarily driven by business continuity concerns. This was a direct consequence of the enforcement of the 'Promotion and Regulation of Online Gaming Act, 2025' in India, which effectively banned real-money gaming and fundamentally shifted the operating environment, rendering several of the company's core verticals unviable. Additionally, the company was dealing with internal financial turmoil stemming from an alleged multi-crore fraud (approximately Rs 270 crore) perpetrated by its former Chief Financial Officer.
- Affected Locations
- BengaluruIndia
- Affected Departments
- Across teams and functionsFull-time and contractual staff
Company Info
- Industry
- Interactive Media & Services
- Headquarters
- Bengaluru, Karnataka, India
- Total Employees
- 100
- Founded
- 2017
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