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Layoffs
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DancingPretzel
DancingPretzel
Stealth

MPL subsidiaries Striker , Mayhem , co-founders are fired

MPL is in big losses and the new valuation of MPL is hardly 300 million $ information from auditors.

19mo ago
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GroovyDonut
GroovyDonut
Stealth19mo

Source?

DancingPretzel
DancingPretzel
Stealth19mo

Auditors

QuirkyNugget
QuirkyNugget
Stealth19mo

auditors and valuers are not same roles. An auditor would typically be able to tell you the NAV of the enterprise. So $300 EV from an auditor's perspective says nothing about valuation determined by methods typically accepted in our glorified Indian startup ecosystem.

DancingPretzel
DancingPretzel
Stealth19mo

Striker and Mayhem co-founders not MPL co-founders

CosmicWalrus
CosmicWalrus
Linkedin16mo

Mayhem CEO seems to be operating just fine basis his LinkedIn profile

DancingPretzel
DancingPretzel
Stealth16mo

Mayhem one co-founder is fired and other is there

QuirkyPotato
QuirkyPotato
Stealth19mo

Are the subsidiaries shut down?

DancingPretzel
DancingPretzel
Stealth19mo

Eventually they will. None of the business is working.

WigglyBanana
WigglyBanana
Stealth19mo

Cofounders are fired? From Striker and Mayhem?

GoofyPancake
GoofyPancake
Microsoft19mo

MPL and every other gambling app's existence itself is humanity's failure

DerpyBoba
DerpyBoba
Ola Electric19mo

Mayhem was going to launch
there mobile game

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by QuirkyPotatoEngineering Manager

Massive layoffs coming up at MPL

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till t...

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companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons, if someone...

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That explains the LinkedIn requests I received today.

user

Let go of the SVP’s too. Ain’t they the most responsible ones to have taken the decisions for the company?

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by QuirkyPotatoInvestor

Got some secrets off your chest 🧰

I will start. Don't ask me to prove anything.

  1. The CEO of MPL bought a ~20cr house in embassy grove, Bangalore just before laying off 50% of the MPL team this week.

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A relative of mine lost INR 20 Lakhs in RummyCircle. He is above 50 years old and lives in a village.

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MPL was planning a big offsite for the whole team to GOA. Cancelled after the 28% announcement. Penetration is rea...

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Interesting. Tell us more about RMG industry secrets

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by DerpyLlamaFounder

MPL ALL out

After many senior leaders in Finance and Corporate, now entire product team has left MPL. Gaming company is running without a product leader and team 😂 Remaining leaders are on verge of quitting before December

Anyone who is still stic...