Mobile Premier League (MPL) fires 100 employees, shuts operations in Indonesia
Indian mobile e-Sports gaming platform start-up Mobile Premier League (MPL) has laid off 100 employees. The company is the latest entrant in the growing line of startups that are shedding employees as the economy moves into crisis mode. Additionally, the online gaming company will be exiting the Indonesian market due to poor growth. The company gained prominence earlier due to mobile games, daily fantasy sports, quizzing, and board games. It allows users to participate and compete with each other in over 60 games. Also Read — Government of India sets up a seven-member committee to regulate online gaming industry
An internal email was spotted which was sent by MPL co-founders Sai Srinivas and Shubh Malhotra to justify the move. In the email, the executives claimed that the current business metrics “do not justify further investments into this unit”. Also Read — Need for Speed mobile gameplay video leaked: Here's what we know so far
MPL was founded in 2018, and it hosts hundreds of millions of tournaments a month and is trusted by over 90 million registered users across India, Indonesia, Europe and the US. Also Read — Fortnite reveals new Scarlet Witch skin as Doctor Strange in the Multiverse of Madness expands
“We have made the decision to wind down our Indonesia operations and shut down the streaming product on the MPL app. We have invested significant resources and capital over the last three years into our Indonesian operations,” said the co-founders.
“However, the return profile of Indonesia is several multiples lower than what we were and are seeing in India, or even in our nascent US business,” they added. The employees that have been laid off will reportedly be given severance pay as well as other benefits.
“We are one
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