GST on online gaming triggers CV deluge
The increasing number of job seekers reflects their concerns about the GST’s potential effects on their future. Experts from over half-a-dozen staffing firms told ET that this trend has become particularly pronounced in recent weeks.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisit“In the face of headwinds resulting from frequent regulatory changes and reports of scams, there are layoffs and a surge of talent actively seeking new opportunities in other sectors,” said Manu Saigal, director, general staffing at Adecco.
Job search by talent in Indian gaming bellwethers such as Dream11, Games24x7, MPL, Junglee, Baazi, Winzo and Moonfrog, among others, has nearly tripled over the last six weeks, according to data put together for ET by specialist staffing firm Xpheno.
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This comes as professionals face the prospect of possible job losses and hiring freezes amidst concerns that the sector will take some hard decisions. Already, some companies including Mobile Premier League, Spartan Poker and Kavin Bharati Mittal-led Hike Rush Gaming Universe have laid off employees.
“A sharp and rapid drop in hiring action was registered as a knee-jerk reaction to the recent GST-linked developments,” said Prasadh M S, head-workforce research, Xpheno.
Indian gaming bellwethers have collectively registered a 60-70% drop in talent demand over the last four months,
