Real Money Gaming Ban: Zupee Axes 170 Jobs and Joins Peers

Following India's passage of a bill in August that outlawed online games involving money, Zupee announced on Thursday that it will lay off 170 workers, or around 30% of its workforce. Zupee is the latest real-money gaming (RMG) company to fire staff following the ban, including Games24x7, Baazi Games, and Mobile Premier League. "We had to make this difficult decision in order to adjust to the new legal framework. We will always be grateful for the contributions of our departing colleagues, who have played a crucial role in Zupee's development," stated Dilsher Singh Malhi, the company's founder and CEO.

"We had to make this difficult decision in order to adjust to the new legal framework. We will always be grateful for the contributions of our departing colleagues, who have played a crucial role in Zupee's development," stated Dilsher Singh Malhi, the company's founder and CEO.Based in Gurugram According to Zupee, the company is providing the 170 workers with "additional financial support linked to years of service" in addition to money in place of the notice period. After the impacted employees depart the organization, their health and insurance coverage will remain in effect for the duration of their employment."To ensure that no one feels unprotected as they pursue their next opportunity, we have also established a medical support fund of Rs 1 crore," the statement added. When new positions become available, the organization will give priority to rehiring its employees. Zupee intends to concentrate on online social gaming and entertainment items, and it now has 150 million registered members.