Hike’s Rush Gaming Universe (RGU) has cut its workforce by 22%, laying off 55 employees, including 24 non-full-timers. The decision comes after Mobile Premier League (MPL) also reduced its staff by 50% due to a 28% GST on online real-money games. Hike’s CEO, Kavin Bharti Mittal, cited the significant rise in GST as a challenge despite the company’s positive business status. The gaming industry is facing challenges due to the high GST rate, with startups like Quizy shutting down due to the burden. Industry players are urging for dialogue and collaboration to support innovation and growth in the sector amidst increased tax liabilities.
GST on online gaming: Hike’s Rush Gaming loses off approximately 22% of its workforce
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2023/08/11032540/GST_on_online.jpg)