In the wake of the Promotion and Regulation of Online Gaming Act, 2025, which banned real-money gaming, Gameskraft Technologies has laid off over 400 of its employees, slashing its workforce by more than half.
“The decision was driven by business continuity considerations, following the implementation of the Promotion and Regulation of Online Gaming Act, 2025, which triggered a fundamental shift in the operating environment for real money gaming companies,” Gameskraft said in a statement.
Moneycontrol reported that Gameskraft now has fewer than 100 employees, a steep decline from its previous headcount of about 600. Earlier, in September 2025, Gameskraft had announced that it would be laying off 120 employees and that further changes might come along as the company “continues to evolve in response to external realities.”
Additionally, Gameskraft is still reeling from the fallout of the fraud scandal surrounding its former Chief Financial Officer (CFO), Ramesh Prabhu. The CFO was accused of siphoning off ₹270.43 crore from Gameskraft over five years. Following the company’s complaint, an FIR was filed against Prabhu at the Marathahalli police station in Bengaluru on September 16, 2025.
The employees affected by the layoffs will receive one month of pay for every year they have been at Gameskraft, capping at three months. They will also be given notice pay as per their employment agreements, a one-time ex gratia payout, and up to 45 days of leave encashment calculated on total salary.
The employee group health insurance will continue to be in effect until March 2026 or when an ex-employee joins a new company, whichever comes first. Term life cover under the group insurance plan is set at up to two times the employee’s CTC or ₹5 crore and will remain valid until June 30, 2026.
Gameskraft is also providing active job placement assistance, referrals, and recommendation letters, along with a priority hiring option for future openings. The company has also waived all recoveries related to joining bonuses, relocation assistance, and notice period buyouts.
