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Gameskraft has laid off 120 employees saying that the legislation, which bans real money gaming, left it with “no choice” but to halt operations and restructure
It added that it will extend health insurance for impacted employees until March 2026, continue wellness services until May 2026, and support outplacement efforts
The layoffs add to a string of setbacks for Gameskraft. Earlier, it had paused its poker platform Pocket52 in May 2024 after the GST Council imposed a 28% tax…
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Gameskraft has laid off 120 employees saying that the legislation, which bans real money gaming, left it with “no choice” but to halt operations and restructure
It added that it will extend health insurance for impacted employees until March 2026, continue wellness services until May 2026, and support outplacement efforts
The layoffs add to a string of setbacks for Gameskraft. Earlier, it had paused its poker platform Pocket52 in May 2024 after the GST Council imposed a 28% tax…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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