UNVERIFIED

Gameskraft | Layoff Event

November 8, 2025 • 101 days ago

501 affected • 83.5%

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

November 2025: AI Reshapes the Job Market as 60,000+ Workers Face Layoffs

A comprehensive analysis of November 2025 job market trends reveals a seismic shift as companies from tech giants to telecommunications leaders cut over 60,000 positions, with AI integration emerging as the dominant driver of workforce restructuring.

November 18, 2025 • 12 min read •

layoffsAI industry

Recent Gameskraft News

Gameskraft Ex-CFO Ramesh Prabhu Booked For Siphoning Off Rs 250 Crore For F&O Trade - MSN

MSN • Feb 13

Gameskraft lays off 400-plus employees: ‘The decision was driven by…’ - Times of India

Times of India • Nov 11

Gameskraft layoffs cross 400 as Online Money Gaming ban forces deep restructuring - Storyboard18

Storyboard18 • Nov 10

Online gaming ban triggers 400 layoffs at Gameskraft - People Matters - HR News

People Matters - HR News • Nov 10

Company Info

Website: www.gameskraft.com
Industry: Interactive Media & Services
Headquarters: Bengaluru, Karnataka, India
Founded: 2017
CEO: Prithvi Singh
Employees: 100

View Company Profile

Event Snapshot

Employees Affected 501

Percent of Workforce 83.5%

Verification UNVERIFIED

No other canonical layoff events recorded for this company.

Disclaimer

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