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Zynga lays off 18% of staff
The company behind FarmVille just got a small smaller. Zynga, the troubled developer responsible for a number of shared games, laid off 520 staff today—18% of the company's employees. The goal: refocus on mobile gaming.
It's simple to point at Zynga's need to cut costs by laying off nearly one-fifth of its employees as a justification of chickens coming home to roost. Honestly, I never got hooked on Farmville, the game that Zynga planted on Facebook four years ago. I couldn't
Mark Pincus' effort to keep Zynga was jolted on Monday after the shared gaming company revised its projected financials lower amid a corporate restructuring that did not inspire confidence on Wall Street. Shares of Zynga tumbled by 12% to $2.99 once
Zynga has confirmed the layoffs via push release, as well as the numbers (520 layoffs or 18 percent of the workforce) reported by AllThingsD. The company..
Earlier today, Zynga announced that it was laying off 18 percent of its global workforce. After the news broke, I spoke to a source with knowledge of the comp..
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