Mobile Premier League (MPL), a leading online gaming platform, will terminate jobs to 350 employees as it takes steps to survive a 28 percent tax imposed by the Indian government on online gaming companies, Reuters news report said.
Mobile Premier League (MPL), one of the most valued gaming platforms, has registered losses to the tune of about $149.3 million in FY22, from $48.3 million in FY21.
M-League, the Singapore-based parent company of MPL, saw its revenue from operations increasing 29 percent, to $65.6 million in FY22 from $50.8 million in FY21.
Founded in 2018, MPL hosts hundreds of millions of tournaments a month and is trusted by over 90 million registered users across India, Indonesia, Europe, and the US.
MPL is one of the leading mobile eSports platforms that allows users to participate in paid competitions across 60+ games in multiple categories, including mobile games, daily fantasy sports, quizzing, and board games.
In May last year, the online gaming platform laid off 100 employees and exited the Indonesia market over poor growth.
